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CAFRAL Virtual Conference on Data Protection, Data Privacy and Data Localization

Learning Event,
Monday, December 27, 2021
Online CISCO WebEx
Senior officers working in the areas of risk management, compliance, audit, strategy, legal dealing with aspects relating to data processing, data storage, data security, data privacy, data protection. This conference is suitable for Board members who are keen to enhance their learning in this area.

Background:

Today, data and analytics are arguably the most powerful enablers of business. Given that they play a crucial role in digital banking and digital transformation, banks now handle an ever increasing volume of data which makes sound management of data a critical requirement. Key attributes of good data management include efficient data processing, robust data security and principled data usage from governance and strategic perspectives. Going forward, data needs to be managed as an asset. Therefore, banks’ risk management, internal control and compliance functions are expected to provide assurance to their Boards that data is secured and protected, efficiently used and not misused & data privacy is ensured. Increasing volumes of data intensive digital transactions could leave banks with Personally Identifiable Information (PII). Banks need efficient ways to manage this without putting the data at risk. In other words, increasing volume of data flowing through banks and into their database has to be handled in responsible and efficient ways, keeping in view the reputational, legal and regulatory risks.

Highlights:

This Virtual Conference will deliberate on the following business, technological, legal, regulatory and governance aspects of data management in the context of data security, protection and privacy:

  • Data Processing, Use and Storage: Opportunities, Challenges and Issues.
  • Cloud adoption, data localization and adoption of new technologies.
  • Data Protection Principles - Protection by default and by design.
  • Legal and regulatory framework for Data Privacy: current and emerging regimes.
  • Bank data off shoring and supervisory requirements.
  • Cyber Security and Data Privacy.
  • Storage and Management of Personally Identifiable Information

Program Description
Address N/A Timing 9:45 AM - 5:45 PM
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