Even at the enterprise level, companies should design strict data sharing policies with an outsider entity.<\/p>\n DC: What role can government and the regulator play in securing consumer data that lies on servers in other countries — and outside the jurisdiction of the consumer’s country?<\/strong><\/p>\n Pankit Desai:<\/strong> Many countries including ours, have time and again raised this issue with tech majors like Facebook and Google, about storing data on US servers. Being a private organisation, there can’t be much done by the government of the other country. The State heads of these countries should jointly mull a policy initiative where data of citizens of one country should not be stored on foreign servers.<\/p>\n![\"Pankit](\"https:\/\/www.digitalcreed.in\/wp-content\/uploads\/2018\/04\/Pankit_Desai-300x262.jpg\")
Pankit Desai:<\/strong> Adequate laws which strongly advocate protection of consumer data (are needed). Currently, the laws don’t spell out stringent guidelines for companies who own the consumer data and how can they share it. Taking advantages of the loopholes, consumer data of any volume can be bought or sold just like any commodity. We believe data is the new oil in the 21st century; hence it is important that companies collecting consumer data should evaluate the third-party partner before sharing the data with them.<\/p>\n