Complying with data-sovereignty and data-localization regulations poses challenges for organisations managing personal data in the global economy. Organisations need to balance localdata control and regulatory requirements with the practicalities of cross-border data flows.
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This week, Microsoft expanded plans to store EU citizens' datalocally, shipping-themed phishing spam is a threat, the British Library overcame a ransomware setback, the FBI warned of Androxgh0st malware, Remcos RAT targeted South Korea, and eBay was fined $3 million for a cyberstalking campaign.
In today's digital age, data privacy management is paramount for businesses and individuals alike. With the ever-changing regulatory landscape surrounding data protection, organizations must adapt swiftly to ensure compliance and maintain trust with their customers and stakeholders.
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Organizations that are taking steps to comply with India's "datalocalization" regulation - and similar laws elsewhere - need to make sure they understand all the requirements, says Steve Marshall, CISO at Bytes Software Services, who offers compliance tips.
To enhance data security, it's time for the Indian government to stop talking about requiring datalocalization and spell out - and enforce - tough requirements.
Dharmaraj Ramakrishnan, senior director at FIS Global, sizes up the potential impact of datalocalization in India as well as the pending data protection bill.
The Srikrishna Committee's recommendation in its draft of a data protection bill that foreign companies be required to only store domestically certain "critical" data of Indians is impractical and will not help prevent breaches.
"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 Pancha of FIS Global, in support of datalocalization in India.
The Government of India is discussing a plan to change its datalocalization stance, allowing companies to store only critical datalocally. Some observers support the idea, while others ask the government not to "give in to pressure" from Western lobbyists.
Global payment companies Mastercard and Visa say they are making progress toward storing all their data on Indians within the country and wiping out data related to Indian transactions that's stored overseas. The moves are an effort to comply with Reserve Bank of India's directive on datalocalization.
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