NOV 07, 2023 | ASIA PACIFIC | INDIA
What Is the Impact of Sectoral Regulation of Cross-Border Data Flows on Companies?
MediaNama, November 7, 2023
By Kamya Pandey
BSA's Venkatesh Krishnamoorthy joins a panel conversation on adequacy, rulemaking, and sectoral regulations on cross-border data flows.
While addressing 2023 edition of MediaNama’s annual conference PrivacyNama, Venkatesh Krishnamoorthy of BSA | The Software Alliance pointed out that sectors such as healthcare and finance have a hodgepodge of regulations. This uncertainty of regulation leaves companies with the challenge of creating a product that both “takes care of sensitive data, and also complies with all the regulations that fit in.” “So, this is going to be a big realm of challenge. Let’s be very clear that the overarching DPDP Act looks only at privacy, whereas the sectoral regulators’ understanding of privacy is going to be extremely different,” he said.
BSA | The Software Alliance (www.bsa.org) is the leading advocate for the global software industry before governments and in the international marketplace. Its members are among the world’s most innovative companies, creating software solutions that help businesses of all sizes in every part of the economy to modernize and grow.
With headquarters in Washington, DC, and operations in more than 30 countries, BSA pioneers compliance programs that promote legal software use and advocates for public policies that foster technology innovation and drive growth in the digital economy.