Role of data privacy and security and its impact on your business strategy

1. Role of Data Privacy & Security and its impact on your Business Strategy Dr. Sachin Mohan Bhide Founder & Strategy Designer Eha Management Consultancy 9823038828 sachin@ehamanagementconsultancy.com http://goo.gl/m6GFJ3 © Copyright Eha Management Consultancy Image and video sources are available in slides notes of this presentation

Editor's Notes

The UK is in peril. Five days before the PM is to host her first G12 summit, MI7’s security is breached and every agent in the field identified and exposed. The only hope of finding the perpetrator is to bring an agent out of retirement, but with most of them either dead or close to it, the head of MI7 is left with only one choice, and his name is English… Johnny English. Video source: https://www.youtube.com/watch?v=-Qv6p6pTz5I Content source: http://www.johnnyenglishmovie.com/about
Challenges: How data security problem is swelling. Facebook: Admitted that up to 50 million user accounts around the world had been breached by hackers. Cambridge Analytica, a political research firm had harvested Facebook users’ data in the past. British Airways: Recently admitted malicious data break which affected 3,80,000 transactions. Hackers stole contact and credit card details of these customers. China used tiny chips to infiltrate US companies: How China used a tiny chip to infiltrate US companies – The attack by Chinese spies reached almost 30 US companies including Amazon and Apple by compromising America’s technology supply chain. Sources: https://www.facebook.com/images/fb_icon_325x325.png https://economictimes.indiatimes.com/news/international/business/european-union-warns-facebook-not-to-lose-control-of-data-security/articleshow/66041686.cms https://www.britishairways.com/en-in/home#/ https://www.bbc.com/news/uk-england-london-45440850 https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i9VdsjZLS_Pk/v1/600x-1.jpg https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies
Role of Governments globally Data Privacy Law Regulation General Data Protection Regulation Personal Data Protection Bill Aadhaar India’s draft Data Protection Bill, data localization, data protection authority, data generated in India to be stored in India, increasing compliance requirements Aadhaar: Welfare delivery, income tax, citizen data protection, fight against frauds, expectations of privacy and global and local level, spending habits, voter Ids, health, travel, failure of infrastructure and technology Sources: https://www.slideshare.net/CipherCloud/understanding-global-data-protection-laws-webinar https://economictimes.indiatimes.com/tech/ites/industry-bodies-write-to-it-minister-ravi-shankar-prasad-against-data-bill/articleshow/66062141.cms
In God we trust, everybody else bring data to the table. - Narayana Murthy Increasing importance of role of data in business & social environment - Data to Daata (Donor) Personal data, transactional data, web data, sensor based data (IoT), Data warehousing, Data mining, Business Intelligence, Big Data, Data visualization, Data Science, Artificial Intelligence, Analytics References: https://yourstory.com/2014/06/naryana-murthy-quotes/ https://www.import.io/post/what-is-data-and-why-is-it-important/ Eha Management Consultancy ©
What to do? Take REST - Responsibility, Education, Security, Technology Responsibility: Individual, departmental, organizational, industry, societal Education: Educating stakeholders like customers, suppliers, industries, society and so on Security: Hard and soft Technology: Boon or bane? Hacker proof? Scale? Ethics? Eha Management Consultancy ©

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Editor's Notes