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Data Localisation
Data localisation is storing the data, critical and non-critical, within the boundaries of a country
36% believe that rigorous data localisation requirements must be in place
'In the absence of any standalone trade secret legislation, there is little recourse for firms in the event of misappropriation of their sensitive information,' the report says
The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday.
In a Q&A, Rishi Chhabra, who also heads the firm's India and Sri Lanka operations, dwells on his company's swift response to RBI's six-month moratorium and data localisation rules
RIL, Paytm support localisation; global tech firms say it could have socioeconomic fallouts
What is a data localisation plan? What are data centres? Why is India pushing companies to store Indian users' data in data centres within the country? Here's an explainer
Will coal shortage trip India's nascent economic recovery? Why is Uber India President Prabhjeet Singh bullish on autos? What do data centres mean for India's data localisation plan? All answers here
The Indian Data Centre (DC) industry is expected to more than double to 1,007 Mw by 2023 from its existing capacity of 447 Mw, says a JLL report
He added that companies need to look at India beyond as just a market, given the massive opportunity it presents
The firm said it was in favour of localisation and already had systems in place which protected personal data scrupulously
\Indian policymakers need to be more "thoughtful and pragmatic" on data localisation, Singaporean lender DBS's chief executive Piyush Gupta said on Wednesday.
Private cloud means that a firm has control over the server as well as its location, where its data is stored
The Indian authorities feared that these apps were transferring consumer data to locations outside the country, especially China, in an unauthorised and surreptitious manner.
In the following six years, the campaign for data localisation, or storing data locally, has gathered steam
US Treasury Secretary Steven Mnuchin also insisted that America has no problem if countries want to have local data for regulatory purposes as long as they do not eliminate it outside the country
The Reserve Bank of India (RBI) had asked payment companies to ensure that transaction's data are stored exclusively on local servers
Says won't allow the services until it meets data norms
However, says the card payments major, restricting data flows in digital transactions will affect the quality of fraud detection and assessment
Nearly 80% of the data centres are located in Mumbai, Delhi, Hyderabad, Chennai and Bengaluru