Governance & Risk Management , Privacy

Making the Case for Data Localization

FIS Global's Bharat Panchal on Why Indians' Data Needs to Be Preserved and Secured Locally
Bharat Panchal, chief risk officer, India, Middle East and Africa, FIS Global

"Data sovereignty is required for the growth of the country, and as data is the new oil, we would like to preserve it appropriately and in a secure manner within the country, which can be used for the betterment of the country," says Bharat Panchal, chief risk officer, India, the Middle East and Africa, at FIS Global, in support of data localization in India.

See Also: The Evolution of Email Security

The latest, revised version of the data protection bill would water down the originally proposed data localization requirement.

In a video interview at Information Security Media Group's recent Cybersecurity Summit in Mumbai, Panchal discusses:

  • Bottlenecks in data segregation and storing data domestically;
  • The cost of compliance for data localization;
  • Challenges for law enforcement concerning borderless data.

Panchal is the chief risk officer for India, Middle East, and Africa at FIS Global, responsible for monitoring, evaluating and implementing improvements of risk management controls and governance areas. He formerly was the senior vice president and head of risk management at the National Payment Corp. of India and also worked at Kotak Mahindra Bank, Citi, Reliance Communications and Avaya Global.

About the Author

Geetha Nandikotkur

Geetha Nandikotkur

Managing Editor, Asia & the Middle East, ISMG

Nandikotkur is an award-winning journalist with over 20 years' experience in newspapers, audio-visual media, magazines and research. She has an understanding of technology and business journalism, and has moderated several roundtables and conferences, in addition to leading mentoring programs for the IT community. Prior to joining ISMG, Nandikotkur worked for 9.9 Media as a Group Editor for CIO & Leader, IT Next and CSO Forum.

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing, you agree to our use of cookies.