Background:

The digital transformation in the Indian Financial sector, has led to massive innovation in products and services being offered. As the DPDP Act has come into force, financial institutions must build privacy into their processes, products and services. This Act mandates that data protection should be by design and by default, radically change from the contractual to the automatic. Individuals should not have to bear the burden of protecting their privacy, due to acts of omission or commission of Regulated Entities (REs). Going forward, regulators face great challenges in ensuring that regulation keeps pace with emerging technology as it shapes how we define and promote privacy. As banks/NBFCs are Significant Data Fiduciaries (SDF) under the DPDP Act, they are required to have a robust and effective data security and data usage policy and framework. They are therefore, required to put in place a robust data privacy framework and invest in technology and processes to build an explicit consent mechanism, to ensure full compliance with the provisions of the law. 

Objective:

This program will enhance the understanding of the participants on the various developments around Data Security, Data Privacy and practical implementation of DPDP rules. This program will also empower the senior officials handling data integrity & data protection divisions/verticals and also the board level functionaries who are responsible for data governance in their organizations.

Program Highlights:

• Data Protection and Privacy – Regulatory Compliance & Expectations
• Practical approach to implementation of DPDP Rules
• Privacy Governance architecture in banks
• DPDP Implementation: Tools and Automation Requirements
• Data Protection Impact Assessment & Third Party (Vendor) Privacy Risk Assessment: Key Challenges and Governance Requirements
• Data Security & Cybersecurity: Guardrails and Resilience