The privacy vendor market in India is evolving rapidly, as many vendors move from offering point solutions to embracing more integrated, platform solutions that can handle a broader range of privacy requirements, said Anirban Sengupta, partner, risk consulting practice with PwC.
In the latest weekly update, ISMG editors discussed Tornado Cash's landmark legal victory and what it means for crypto mixers, the impact of artificial intelligence on data privacy, and advancements in cybersecurity for which the industry can be thankful as it heads into 2025.
From interlinked navigation and electric vehicles to smart voice assistants and autonomous vehicles, Mercedes-Benz aims to harness AI using its vast data pools. The company's AI policy is governed by four principles: responsible data use, explainability, privacy and safety.
As India positions itself as a potential AI hub, government officials stress the need for regulatory frameworks to ensure privacy, inclusiveness and fairness in AI technologies. The country aims to balance innovation with vigilance in its AI mission.
Privacy regulators in the U.K. and Canada have launched a joint investigation into 23andMe after the direct-to-consumer genetic testing service suffered a massive data breach in October 2023 that led to the theft of 6.9 million individuals' ancestry details.
The two key digital channels of business - mobile apps and websites - are collecting way more personal data than required. The irresponsible sharing of this data with third parties and lack of transparency raise grave concerns about users' data privacy.
While the threat surface is a continuously growing phenomenon, implementing a comprehensive security model secures financial sector organizations prevent reputational, financial and legal complications that emerge due to the exponential rise in cyber incidents and data breaches.
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