Every Data Breach Incident Has The Potential Of Causing Long-Term Reputational Damage
DataQuest|September 2018

45% of Indian organizations cant analyze or categorize all the consumer data they store. With pressure mounting to ensureconsumer data is protected, Gemalto has recently released the results of a global study which reveals that two in three companies globally (65%) are unable to analyze all the data they collect and only half (54%) of companies know where all of their sensitive data is stored. Compoundingthis uncertainty, more than two-thirds of organizations (68%) admit they dont carry out all the procedures in line with data protection laws such as GDPR. In an exclusive conversation with Dataquest, Rana Gupta, Vice President of Asia Pacific, Gemalto Identitys and Data Protection business, talks about the latest report findings, what challenges the company is facing while handling data and ways to protect data. Excerpts:

Every Data Breach Incident Has The Potential Of Causing Long-Term Reputational Damage

Can you please brief us about the latest report findings – Businesses collect more data than they can handle?

Gemalto’s fifth annual Data Security Confidence Index explores the views of more than 1000 IT decision makers and 10,500 consumers worldwide whether organizations are confident in their ability to handle the large amounts of data they collect on a daily basis.

The research found that businesses’ ability to analyze the data they collect varies worldwide with India (55%) and Australia (47%) best at using the data they collect. More than two-thirds of organizations (68%) also admitted that they don’t carry out all the procedures in line with data protection laws such as GDPR.

Also, growing awareness of data breaches around GDPR has led to the majority (90%) of consumers believing

that it is important for organizations to comply with data regulations. In fact, over half (54%) consumers are now aware of what encryption is, showing an understanding of how their data should be protected.

Some of the india specific key findings as per the report: 45% of Indian organizations can’t analyze or

categorize all the consumer data they store 48% of IT professionals in India believe their

organizations are failing to carry out all procedures in line with data protection laws

Only 52% of Indian companies know where all of their sensitive data is stored

Only 57% of consumers are not aware of the term encryption, showing that they don’t have the understanding to protect their data

What challenges are businesses facing while handling data? and how can they handle their data or monetize them?

Denne historien er fra September 2018-utgaven av DataQuest.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 2018-utgaven av DataQuest.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA DATAQUESTSe alt
How big is India's Computer Accessories Market? Innovations expected by FY25
DataQuest

How big is India's Computer Accessories Market? Innovations expected by FY25

India’s computer accessories sector grows with Make in India, Digital India, and rising demand for high-tech accessories like AIl-powered devices, boosting exports globally.

time-read
3 mins  |
November 2024
When Network Threats Are Not Allowed to Check-in
DataQuest

When Network Threats Are Not Allowed to Check-in

Like elevators, networks in this hotel are segregated for guests, for service, and locked for outsiders unless they prove bona fide. Does this approach work?

time-read
4 mins  |
November 2024
Robotic Surgeries can turn into double-edged Swords
DataQuest

Robotic Surgeries can turn into double-edged Swords

Technology should never come at the cost of affordability, privacy, training ease, the ability to practice anywhere, CRM’s real use and sensitivity to patient experience. Surjeet Thakur, CIO Rajagiri Hospital, Kochi gives us an X-ray from different angles.

time-read
5 mins  |
November 2024
Does Santa Claus watch when you pay rent on time?
DataQuest

Does Santa Claus watch when you pay rent on time?

If yes, what kind of diary does he use to distinguish good kids from delinquent ones? And what stockings can you hang to translate this good behaviour into rewards home loan discounts, prop-tech speed, landlord KYC or more?

time-read
6 mins  |
November 2024
Roadmap for Bank-based Apps to Gain UPI Market Share A missed opportunity!
DataQuest

Roadmap for Bank-based Apps to Gain UPI Market Share A missed opportunity!

As UPI dominates, will banks step up to reclaim their market? UPI continues its meteoric rise, handling 69.6% of India's digital transactions and reaching ₹20.6 lakh crore across 14.8 billion transactions in August 2024 alone.

time-read
3 mins  |
November 2024
The Future of Machine Identity
DataQuest

The Future of Machine Identity

The biggest challenge today in the digital security sphere is securing machine identities -the digital entities such as APIs, software applications, and IoT devicesthat are constantly being targeted due to the changing nature of cyber threats.

time-read
3 mins  |
November 2024
Redefining AI Application Delivery
DataQuest

Redefining AI Application Delivery

In this discussion with F5’s Ahmed Guetari and Adam Judd, we explore the collaboration between F5 and NVIDIA, which leverages the innovative capabilities of NVIDIA's BlueField-3 DPUs and F5’s BIG-IP Next platform. This partnership is set to redefine AI application delivery and security, particularly in the high-growth Indian market, by enabling better resource allocation, faster data processing, and robust security enhancements. With AI adoption surging across industries, F5 and NVIDIA's synergy brings transformative solutions for service providers and enterprises, poised to drive India’s AI-led innovation.

time-read
3 mins  |
November 2024
EPAM's Bold Leap: Transforming Business with Al-Driven Salesforce Solutions.
DataQuest

EPAM's Bold Leap: Transforming Business with Al-Driven Salesforce Solutions.

Siba Padhy, Head of Salesforce Business, EPAM Systems highlights how Salesforce has evolved from a core sales solution to a comprehensive platform that encompasses service, marketing, and commerce, with a significant emphasis on leveraging AI technologies, particularly the newly launched Agentforce and Einstein GPT. Padhy discusses the burgeoning agent tech economy in India and EPAM's strategic focus on delivering tailored solutions that address specific market needs. With ambitious growth targets, EPAM aims to double its Salesforce expertise in the coming years, positioning itself as a key player in driving digital transformation across various industries.

time-read
3 mins  |
November 2024
The Smart Manufacturing Revolution in India
DataQuest

The Smart Manufacturing Revolution in India

Explore how cutting-edge technologies are redefining manufacturing in India, shaping a future where efficiency and sustainability go hand in hand.

time-read
5 mins  |
November 2024
Digital Governance: Changing that Red Carpet into a Green One
DataQuest

Digital Governance: Changing that Red Carpet into a Green One

India's approach and success stories in digital governance show how technology should be used to cover the entire carpet area - From expanding inclusion to the digitally not-so-savvy folks to strengthening interoperability - we have made sure the grass is green, every side

time-read
10+ mins  |
November 2024