Tag Archives: GDPR

GDPR – Indian financial institutions will have to dig out hidden risks

Reported by | Updated: August 6, 2018

Indian banks and financial institutions are well prepared to adhere to the provisions of GDPR, feel Akhilesh Tuteja, head of risk consulting, and Kunal Pande, partner for IT advisory, at KPMG India. They say in an interview with Banking Frontiers: “While financial services sector is highly regulated, there could be possible impact on these institutions, […]

GDPR – Financial institutions will need special skills

Reported by | Updated: August 3, 2018

The committee headed by Justice B.N. Srikrishna, constituted to examine issues related to data protection, recommend methods to address them and draft a data protection law, has suggested that enforcement of the data protection framework must be by a high-powered statutory authority and any violation of obligations on part of data controller, civil penalty not […]

GDPR – Right to be forgotten could be misused by criminals

Reported by | Updated: August 2, 2018

GDPR contains a specific right for individuals – right to be forgotten. This means data erasure at the instance of the individual or cease processing data any further when the consent is withdrawn. Jaspreet Singh, partner – Cyber Security, Ernst & Young, feels this right might lead to the deletion of any criminal records or […]

GDPR – Max impact on tech sector & data driven organizations

Reported by | Updated: July 31, 2018

“We can comprehend the implications of GDPR on Indian entities by having a look at its extra-territorial applicability,” say Akhilesh Tuteja, head of risk consulting, and Kunal Pande, partner for IT advisory, at KPMG India, in an interview with Banking Frontiers. Speaking about GDPR and its importance, they say EU’s GDPR has adopted a triad […]