Information breaches in FinTech and how to handle them
Submitted by Udbhav Tiwari (@udbhavtiwari) on Friday, 17 November 2017
Information breaches are a serious concern for businesses and consumers alike. Businesses risk losing customer data, trust and even revenue when a breach happens. For cunsumers, they risk getting personally identifiable data out in the open, which can be misused.
The talk will walk through the liabilities of each party involved in an information breach, what the best practices are and how can such a situation be handled.
1) What is an information breach? How do you monitor for a breach?
2) When do you make a breach public? How do you build a contingency plan?
3) How and when to notify affected consumers?
Udbhav is a Policy Officer who works on matters relating to cyber security, digital payments, privacy and artificial intelligence. He is interested in the role played by international standardisation (via participation at the ISO and IEEE) in ensuring consistent global best practices by diverse stakeholders, especially in the context of developing countries. He also dabbles in hobbyist programming, hardware assembly and DIY technology in his free time. He is about to graduate from the West Bengal National University of Juridical Sciences (WBNUJS) in Kolkata, India where he studied for an arts and law B.A LLB (Hons.) degree.