As India prepares for its new data privacy law, a major public sector bank (PSU Bank) has implemented a robust security solution to safeguard customer data. This proactive approach positions the bank as a leader in data protection compliance.
Key Players:
● Vantage Network Solutions: Bengaluru-based IT company that delivered the security solution.
● SISA: Indian cybersecurity firm providing the “RADAR” data discovery and classification technology.
● Hitachi Vantara: Global data storage solutions provider.
● Altos India (Acer): Subsidiary of Acer Inc. that supplied compute servers.
The Solution:
● In collaboration with SISA, Vantage deployed the RADAR solution across the bank’s entire infrastructure.
● The solution scans and classifies sensitive data on 100,000 computer terminals and protects email data for 75,000 users across 9,000 branches.
● Hitachi Vantara provided high-capacity storage, and Altos India supplied servers to handle the data volume.
Benefits:
● Ensures adherence to the upcoming Digital Personal Data Protection Bill (DPDP) Act.
● Provides robust data discovery and classification, which is crucial for regulatory compliance.
● Enables secure storage and access control for sensitive customer data.
● Additional data protection services include breach investigation simulation and endpoint security.
Significance:
● This implementation marks India’s first nationwide DPDP-compliant data security infrastructure rollout.
● It sets a benchmark for other banks and organisations to follow when the new law occurs.
● Demonstrates the importance of proactive data security measures in the digital age.
Quotes:
● “We have partnered with SISA to establish necessary security controls and ensure adherence to the stringent guidelines,” says Vikas Khosla, Managing Director of Vantage Network Solutions.
● “This collaborative effort…jointly fortifying the security of confidential customer and associated data…” – Vikas Khosla, Managing Director, Vantage Network Solutions.
● “By harnessing Altos servers, we’ve spearheaded one of India’s most ambitious data segregation and classification endeavours.” Sanjay Virnave is the general manager and country head of Altos India.
This news highlights the successful collaboration between Indian companies in developing a comprehensive data security solution that positions a major bank as a leader in data privacy compliance.
