Accountability not localisation will solve data privacy concern: DSCI

Some privacy watchdogs are also concerned that excessive stress on storing data within the geography will create a huge power requirement and expand the carbon footprint of organizations

Even as global technology platforms are dealing with user data privacy concerns and Indian payment companies are trying to make sense of RBI’s guidelines to store transaction data in the country, Data Security Council of India (DSCI) maintains that rather than localisation it is accountability of data use that will address privacy and security concerns.

RBI recently issued a circular directing payment systems and banks to store transactional data within the country following the observation that not all system providers store the payments data in India. “Such systems are highly technology dependent, which necessitate adoption of safety and security measures, which