Companies around the world have recognised that the protection of personal data must be given a high priority. For this reason, there is increasing investment in data protection. This is especially true for banks, as discretion and confidentiality have always been key elements of a client relationship in banking.
Data protection legislation stipulates the conditions for the legally permissible processing of personal data and is thus intended to prevent potential abuse. In addition, data subjects are granted various rights that allow them to influence the processing of their personal data by companies.