DigitalCIO
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
No Result
View All Result
DigitalCIO
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
No Result
View All Result
Digitalcio
No Result
View All Result
Home Archive

Data storage: WhatsApp plans third-party audit

DigitalCIO Bureau by DigitalCIO Bureau
April 10, 2019
in Archive
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Source: TNN | By Digbijay Mishra

Incidentally, sources in the regulatory body National Payments Corporation of India (NPCI) said WhatsApp, which has over 200 million active users in the country, is yet to commit to an official timeline to be fully compliant.

WhatsApp has identified a third-party company to audit its payments system for data-localisation compliance here, the popular messaging platform has told the Supreme Court in response to Reserve Bank of India’s (RBI’s) affidavit last month. In its response to the apex court on Tuesday, reviewed by TOI, WhatsApp said it has also submitted a ‘confidential revised data-localisation plan’ to all stakeholders. WhatsApp did not name the auditor it has chosen for compliance check.

Incidentally, sources in the regulatory body National Payments Corporation of India (NPCI) said WhatsApp, which has over 200 million active users in the country, is yet to commit to an official timeline to be fully compliant with RBI’s data-localisation norms here. While WhatsApp will need NPCI’s nod to roll out full-scale payments to its over 200 million monthly active users in India, MeitY (ministry of IT and Technology) — which has been involved in the matter — would also need to be convinced of WhatsApp’s complete compliance with Indian rules. The original deadline to comply with RBI’s diktat was October 15 last year.

“There is no specific timeline that has come from WhatsApp on compliance. After RBI’s response in an affidavit became public, they have said they are aiming for compliance, much like their earlier communication,” a person aware of the matter said, adding that compliance needs to be in place before an audit. “WhatsApp will launch the full-release version of its payments service only after it has stored the requisite payments data in compliance with the RBI circular and after the appropriate approval is obtained,” the Menlo Park-based company’s response to the SC said.

This stand comes in the wake of Facebook founder Mark Zuckerberg’s recent opinion piece in Washington Post, where he takes a stand against data localisation, saying it (local storage of data) would make it more vulnerable to unwarranted access. Facebook acquired WhatsApp in 2014 in a $19-billion deal.

Interestingly, WhatsApp’s communication to the SC stressed on how the company places importance on local laws, data security and privacy. However, not everyone is convinced. The view among some in the payments industry is that WhatsApp getting access to about 1 million users in beta stage gives it an undue advantage. Paytm founder Vijay Shekhar Sharma had kicked up a storm on this issue when WhatsApp started payments services in India in February 2018.

An email sent to a WhatsApp India spokesperson did not elicit a response till the time of going to press. So far, the banking regulator has not imposed any penalties on companies for non-compliance but it said it was exploring regulatory action. As reported earlier, in October 2018, WhatsApp said it built a system that stores payments-related data locally in India. NPCI, however, thought it was not enough since WhatsApp was merely mirroring or copying the payments data in India, while keeping the same in its overseas servers as well.

The RBI has maintained that payments service providers and third-party payments apps should follow its April 6, 2018 circular on data localisation, which mandates storage of key payments data only in India. Payments players lobbied hard with the regulator to let them store a copy of their data overseas. The RBI has stuck to its original stand on this issue.

Share30Tweet19
DigitalCIO Bureau

DigitalCIO Bureau

Recommended For You

Data Recovery Experts Expand their Cloud and Security Skills at VeeamON Tour India

by DigitalCIO Bureau
September 1, 2023
0
Data Recovery Experts Expand their Cloud and Security Skills at VeeamON Tour India

Veeam Software flagged off its highly anticipated VeeamON Tour India 2023 in Mumbai today, delivering a rich experience to over 600 registrants. This month-long tour comes as an...

Read more

Dell Technologies Announces Intent to Acquire Moogsoft

by DigitalCIO Bureau
August 20, 2023
0
Dell Technologies Announces Intent to Acquire Moogsoft

Dell Technologies (NYSE: DELL) announced it has signed a definitive agreement to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions that support DevOps and ITOps.This transaction will further enhance...

Read more

Government Technology Agency of Singapore concludes third HackerOne bug bounty programme

by DigitalCIO Bureau
August 20, 2023
0

GovTech Singapore resolved 33 security weaknesses and awarded global hacker community over US$30,800 for contributing to a more secure and resilient smart nation HackerOne and Singapore's Government Technology...

Read more

XProtect(R) on Amazon Web Services Now Available in AWS Marketplace

by DigitalCIO Bureau
August 20, 2023
0

Customers with a cloud-first strategy and those looking for a hybrid VMS solution can now deploy a pre-configured XProtect as an elastic solution available globally with high flexibility...

Read more

OurCrowd Pandemic Innovation Conference to host global leaders, startups and investors online

by DigitalCIO Bureau
August 20, 2023
0

June 22 forum features tech solutions to global crisis, $100m OurCrowd Pandemic Innovation Fund OurCrowd will host the OurCrowd Pandemic Innovation Conference on June 22 to explore the...

Read more
Next Post

India Discusses Fake News and Its Impact on Lok Sabha Elections 2019

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

New Report Highlights Key Elements of Cloud Workload Security Landscape

New Report Highlights Key Elements of Cloud Workload Security Landscape

September 21, 2023

88% Indian consumers use mobiles for online payment: Report

November 22, 2019

How the Indian Topography is Digitized into a Digital Map

September 18, 2019

Browse by Category

  • Acquisition
  • Appointment
  • Archive
  • Artificial Intelligence
  • CIO Interviews
  • Cloud
  • Datacenter
  • Events and Conferences
  • Market Insights
  • News
  • Opinion and Analysis
  • Products
  • Resources
  • Security
  • Storage
  • Tech News
Digitalcio

Welcome to DigitalCIO, your ultimate source for staying ahead in the ever-evolving world of technology and business.

CATEGORIES

  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
  • Archive

BROWSE BY TAG

Acquisition AI AIOps Appointment artificial intelligence Artificial Intelligence and Machine Learning AWS Big Data and Analytics Blockchain CISCO Cloud Computing Cloudflare CrowdStrike Customer Experience Cybersecurity Data Protection Deloitte Digital Transformation E-books Fortinet Gartner Generative AI IBM IDC Infographics Infosys Internet of Things (IoT) Microsoft Ministry of Education MSSPs Nessus Expert Netskope New Relic Oracle Panel Discussion Public cloud ransomware Salesforce Sophos Tenable Trend Micro Veeam Software Vertiv Webinars Whitepaper

NAVIGATION

  • Home
  • About Us
  • Advertise with Us
  • Contact Us

© 2023 digitalcio.in - All rights reserved.

No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources

© 2023 digitalcio.in - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?