“DPDP Act 2023 is still a work in progress but offers significant consumer rights,” underline Panelists at IAM ThinkTank 1.0

New Delhi: A panel discussion was held on Digital Personal Data Protection Act, 2023 by IAM Think Tank 1.0. During the brainstorming discussion, the panelists explored the details of the proposed DPDP Act 2023, comparing it with the previous IT Act of 2000.

The IAM ThinkTank 1.0 was hosted by Rajnish Roy, Founder & CEO of Inspirit Vision and joined by industry stalwarts whose contributions have been instrumental in shaping the IAM landscape.

It was joined by industry stalwarts whose contributions have been instrumental in shaping the IAM landscape. Distinguished representatives from Ping Identity, IBM Security, and Sailpoint shared their insights and experiences and inspired groundbreaking ideas. Lee, regional director Ping Identity touched based on how to balance customer experience and security. Tushar from IBM security gave great insight on IBM identity security and concept of identity fabric.Chakit Ahuja from Sailpoint discussed about identity governance and how they can get organisation to achieve IAM maturity level quickly. Mr. Pradip Gupta, Founder of SAPI and Ex bureaucrat for Govt. of India shared his insights and valuable inputs on the issue. Mr Sunil Sao presented before the audience enriching points related to the act.

They examined the potential impact on various sectors, including finance, healthcare, IT, and retail. The panelists highlighted that the DPDP Act 2023 is still a work in progress but offers significant consumer rights, such as explicit consent, the right to forget, and the right to erase data. They also discussed critical aspects of the act, including data localization, consent management, and minimizing data footprints.

The conclusion was that while it’s important to await the final notification, organizations must proactively prepare for the act's impact on technology, processes, and people.Finally how IAMThink Tank can shape the future of DPDP Act 2023.

The esteemed panel was moderated by Mr. Alok Tiwari, Founder and CEO of AIVOT AI, a seasoned leader with an unparalleled vision for the future of IAM for the panelist discussion.

The luminaries from academia, industry, and government participated in the session. We had Dr. Aditya Abhyankar, HOD Tech at SPPU, bringing academic rigor and research insights. Ms. Shabnam Saghir, Executive Director at JPMorgan Chase & Co, whose expertise in the fin industry is commendable. Mr. Devang Badiyani, VP: Head of IT from HDFC Bank, whose entrepreneurial spirit has shaped the banking landscape.

Inspirit Vision conceptualised and organised this very unique event. The organization is headquartered at Pune with offices in Singapore and US.

IAM is identity access Management, which deliberates on online cyber banking frauds mainly where Jamtara type groups siphon of money by luring us in online traps like asking people to click on their links.

(Defence Watch– India’s Defence News centre that places the spotlight on Defence Manufacturing, Defence Technology, Strategy and Military affairs is on Twitter. Follow us here and stay updated.)