Protecting Privacy - Ensuring Your Organisation Is Ready For Regulation
DataQuest|May 2018

With personal data likely being used by many parts of your organisation, a first step towards compliance is conducting a study of where that personal data is held, who holds it and who is responsible for it

- Sam O'brien
Protecting Privacy - Ensuring Your Organisation Is Ready For Regulation

Every week it seems there’s a new corporate security breach uncovered, and it seems like companies prefer to conceal the security breach and pay the ransom quickly – given that it’s often cheaper than the financial and reputational liabilities that come with disclosing a security issue.

Some companies operating in the Asia Pacific region may soon have to own-up if their customer data has been compromised, or face stiff penalties. In Australia, the Notifiable Data Breaches (NDB) amendment to the Privacy Act will force companies operating locally to report data breaches to the Office of the Australian Information Commissioner, as well as make the data loss known to the public. This legislation comes into effect on 22 February 2018.

The European Union’s General Data Production regulation (GDPR), effective in May 2018, is another game changing regulation. The GDPR will be the first global data protection law, as it applies to the organizations that control or process personal data of EU residents anywhere in the world. That means Asia Pacific businesses that process EU resident’s personal data will fall under the scope of the GDPR.

Both the Notifiable Data Breaches amendment and the GDPR lay out hefty penalties for non-compliance – organizations in breach of the GDPR could be liable for fines up to four per cent of annual global turnover or 20 million Euros (whichever is higher). Perhaps more importantly, there is the potential for reputational impact, which can often be harder to quantify.

この蚘事は DataQuest の May 2018 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は DataQuest の May 2018 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

DATAQUESTのその他の蚘事すべお衚瀺
Cold-Pressed AI Juice - Is That Bottle Here? Is It Worth It?
DataQuest

Cold-Pressed AI Juice - Is That Bottle Here? Is It Worth It?

Compressing AI models has been both an adventure and a formidable next-inflection-point in the many curves of AI innovation. Can we look for options better than, and beyond, erstwhile approaches like pruning and SLMs?

time-read
7 分  |
October 2024
Indian Research: Far from a bouquet of ORCIDS yet. Why?
DataQuest

Indian Research: Far from a bouquet of ORCIDS yet. Why?

Indian brains are universally, and globally, applauded for their 'horse sense' - whether we look at our laser-sharp unicorns and wide-bracket start-ups or pride in the unshakeable global confidence placed for many decades in our IT industry. And yet, when it comes to top-drawer academic research, we are still considered by many as either a 'one horse town' or a 'one-trick pony'. Why this ever-widening gap against our global counterparts?

time-read
6 分  |
October 2024
Accountability in the Age of AI
DataQuest

Accountability in the Age of AI

In this interview, Aayush Ghosh Choudhury, Co-Founder & CEO OF Scrut Automation shares insights on why clear accountability is essential when working with AI, how AI is transforming GRC practices, and the key risks organizations need to navigate. We also explore the advancements expected in the coming years and how organizations can strike a balance between AI adoption and compliance, ensuring responsible and ethical use of these powerful technologies.

time-read
5 分  |
October 2024
Live On the Edge
DataQuest

Live On the Edge

How can companies leverage the combination of edge computing & AI to foster sustainability?

time-read
6 分  |
October 2024
Technology and Fashion - The Vanilla Girl, without being Cheugy
DataQuest

Technology and Fashion - The Vanilla Girl, without being Cheugy

Moving the needle in fashion- now that can go either way- between being too soft to being too flashy. Especially when it's about AI's copyright issues, personalisation, VR in design, Counterfeits, Quiet Fashion, Image recognition and carbon impact. Can an elastic CRM-fabric and data's new look help in threading the technology needle?

time-read
5 分  |
October 2024
AI does not facilitate financial crime, it helps to fight it.
DataQuest

AI does not facilitate financial crime, it helps to fight it.

Why and where do AI models, SLMs, synthetic data and recommendation engines work as angels in areas when the devil is always in the details?

time-read
7 分  |
October 2024
Multi-million and multi-year deals are back-both for first-timers and mature outsourcers
DataQuest

Multi-million and multi-year deals are back-both for first-timers and mature outsourcers

With IT budgets tightening and global uncertainties rising, multi-million, multi-year outsourcing deals are making a comeback.

time-read
2 分  |
October 2024
The Big Five in a Technology Safari
DataQuest

The Big Five in a Technology Safari

Mobile banking, Blockchain, AI, IT Modernisation and? Wait, is Physical Banking the 5th one? Africa has, for long and quite-deservedly, been brave about exploring the wild forests of banking innovations and on-ground solutions that fit the region's limitations and untapped opportunities to the T. How do you make sure you stay gutsy, relevant and on the right track in such a region? How do you make IT your navigator when you want to be the top pan-African bank? Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group takes us around and gives a peek on what customers here are actually hunting for.

time-read
6 分  |
October 2024
India's Quantum Bet - the Dark Horse Who Eats Dark Chocolate
DataQuest

India's Quantum Bet - the Dark Horse Who Eats Dark Chocolate

Or the Dark Matter? It's about the Quantum Race's Winning Gap. India could be the unexpected winner in quantum research, innovation and markets as long as we look beyond the QuBit game and fix real issues that still slow down the last lap. The action is happening, albeit invisible, till we see it shine in full glory.

time-read
10 分  |
October 2024
Quantum Leap or Quantum Leap of Faith? Indian Industries Dive into Infinite Possibilities!
DataQuest

Quantum Leap or Quantum Leap of Faith? Indian Industries Dive into Infinite Possibilities!

India is on the brink of a quantum leap, as industries from finance to healthcare begin to explore the transformative power of quantum computing. With the capability to perform calculations at speeds unimaginable with classical computers, quantum technology is not just a futuristic concept-it's becoming a practical tool for solving today's most pressing challenges and unlocking new opportunities for growth.

time-read
6 分  |
October 2024