Why does Secure Platform Fund use 4 Different Data Centres and 4 Different Companies in 4 Different Locations in Switzerland to protect client data?
We believe there are SIGNIFICANT advantages and here is.... why!
1/ Switzerland is outside of US and EU jurisdiction. Switzerland is NOT part of the EU (a fact they like to remind the EU of every once in a while), and Switzerland applies a very different set of privacy laws over client data, banking and businesses than other countries.
2/ Secure Platform Fund uses 4 Different Data Centres from 4 Different Companies in 4 Different Locations, all who protect client data with high level encryption. This means no one company has all client records, or all client communications or all client files. Data is segregated between 4 different specialist companies all of which are located and based in Switzerland so clients can enjoy have the best protection available and can feel safe and confident how we handle their information.
3/ In the US and EU, gag orders can be issued to prevent an individual from knowing they are being investigated or under surveillance. While these type of orders also exist in Switzerland, the prosecutors have an obligation to notify the target of surveillance as soon as possible, and the target has an opportunity to appeal in court.
4/ There are no such things as National Security Letters, or secret courts approving secret surveillance as there are in the USA. All surveillance requests MUST go through the courts. Furthermore, while Switzerland is party to international assistance treaties, such requests for information must hold up under Swiss law which has much stricter privacy provisions.
5/ Nearly every country in the world has laws governing lawful interception of electronic communications. In Switzerland, these regulations are set out in the Swiss Federal Act on the Surveillance of Postal and Telecommunications Traffic (SPTT) last revised in 2012. In the SPTT, the obligation to provide the technical means for lawful interception is imposed only on Internet access providers, so by using encryption, VPN and Tor services which are Internet applications NOT Internet providers, we are completely exempt from the SPTT’s scope of application. This means that under Swiss law, Secure Platform Fund CANNOT be compelled to backdoor our secure email system or client data. Furthermore, any attempt to extend the SPTT will inevitably fail because the Swiss public is strongly opposed to any extension and an extension could be subject to a public referendum.
6/ Comprehensive security can only be achieved through a combination of technology and legal protections and Switzerland provides the optimal combination of both. By coupling Switzerland advanced IT infrastructure with its unique legal environment, Secure Platform Fund can deliver a service that is both Credible, Reliable, Secure and Private.