Where in the World Should Banks Store Their Data?
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Charlie Babcock
Charlie Babcock,
User Rank: Apprentice
7/18/2014 | 4:01:04 PM
Each country has its own rules....
Good advice from Matthew Porzio. Canada has a law that its citizen health care info can't be stored on U.S. servers due to inspections allowed by the Patriot Act. UK, Germany, France, Netherlands all have thier own "right to inspect" laws, I believe, for data on their soil. Data that originates in Germany, can't leave Germany. You need legal expertise to keep track....  
User Rank: Author
7/17/2014 | 9:51:39 AM
Re: Not all the challenges are tech-based
Yes, especially as the author points out, in instances when data is stored ina  different place than a corporate HQ. Navigating different laws/regulations in different jurisdictions can be an onerous process.
User Rank: Author
7/15/2014 | 1:34:09 PM
Not all the challenges are tech-based
This underscores the reality that when it comes to data management, storage, security and just about any kind of technology-based function, sometimes the biggest challenges are not about technology or IT -- sometimes the difficulty has more to do with legal and compliance issues, training, corporate structure, etc. Thanks for the thorough analysis, Matthew.

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