Establishing Privacy in a Data-Driven EconomyTrust Bank's Mahmud Discusses Additional Steps for Banks
Banks in Bangladesh must ensure having a proper data repository and understanding the data flow to establish privacy in a data-driven economy, says Sakil Mahmud, AVP, information security, risk, and compliance at Trust Bank.
"One size fits all approach will not work here as privacy in Bangladesh is treated differently than Europe," says Mahmud and suggests banks in Bangladesh first understand data flow. "You should map your data flow – how data is coming to your organization, how it is moving around, with whom you share the data, which the third party you are storing your data etc.", says Mahmud.
In a video interview with Information Security Media Group, Mahmud also discusses:
- How must Bangladesh go about framing privacy law;
- Practical steps that must be considered;
- What must be the role of DPO?
Mahmud is AVP, information security, risk, and compliance at Trust Bank. Among the many responsibilities, he is required to set up the bank's technology security roadmap for the bank i.e., planning, developing, and deploying the enterprise information security strategy and program.