GSTN to Encrypt Tax Data, Add Two Layers of Security

The GST-Network-the entity responsible for the IT backbone for the goods and services tax regime-has assured stakeholders of complete security of their tax data. “Security of your data is of prime importance...We are cognizant of the fact that if your competitor comes to know of it, it will be a big setback for you,“ GSTN CEO Prakash Kumar said on Tuesday at an event by PHDCCI. He said all data will be stored in an encrypted form and only the taxpayer and the assessing officer will have access to the information. Data will be stored with two-layers of security, he added.“... all the information which will come to us, it is always in encrypted mode and the best possible security systems we have provided from the perimeter to inside,“ Kumar said.-Our Bureau

12TH APRIL,2017,THE ECONOMIC TIMES ,NEW-DELHI

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RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

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