Digital Personal Data Protection Act: How fintech companies are dealing with new data security challenges
Data privacy and protection are gaining importance in the digital age as organizations must safeguard individuals' sensitive information from unauthorized access and misuse to build trust and security in the online world. In episode 4 of our ‘Gateway to data privacy and protection’ series, we discuss with Aniket Bhosle, Cyber Consulting Partner at EY India, the ever-evolving data security challenges that fintech companies face.
The podcast delves into the complexities of data discoverability, encryption, and key sharing. It explores how lending fintechs are addressing consumer data safety and the cybersecurity risks associated with SaaS-based applications. Aniket sheds light on the current data regulations impacting fintechs and emphasizes the need for ongoing compliance and diligence.
In conversation with:
Aniket Bhosle
EY India Cybersecurity Consulting Partner
Key takeaways
- Fintechs face a variety of data challenges, including data discoverability, encryption complexities, and regulatory compliance requirements.
- Data safety in lending fintechs depends on sustained practices, adhering to guardrails against misuse.
- Fintechs must diligently assess cybersecurity risks in SaaS-based applications and stay updated on evolving data regulations and compliance demands.
In the fast-evolving landscape of fintech, data security is not an option but a prerequisite for trust and success.
For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript
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Podcast
Duration 09m 32s
