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Finding Genius Podcast

Worried about the Safety, Monitoring, and Storage of Your Data? Here's How BigID Is Helping to Protect It

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.41K Ratings

🗓️ 20 June 2017

⏱️ 19 minutes

🧾️ Download transcript

Summary

Your data is a fundamental right, according to Dimitri Sirota, CEO of BigID, and everyone "has a legal right to their data." "Companies that…collect and process [the] data don't own it."
With that shot fired, Sirota describes how the EU is taking the global lead on this with legislation (the General Data Protection Regulation, or GDPR) outlining what companies are required to do in tracking and monitoring consumer data. He reveals not only which types of data must be managed and protected but also how companies are required to comply when a consumer asks for their own data.
Sirota also explains the necessity for the harsh penalties that are incurred when businesses don't comply—and why some penalties are even more severe than required. He further defends the strict penalties with three examples of successful innovations brought about by strict compliance requirements.
In this podcast, you'll also learn:

* Two ways in which the EU GDPR is notable and is paving the way for action in places like Canada, China, Australia, and Japan
* How the Internet of Things (IoT) will be impacted
* Four ways these guidelines will benefit the companies themselves, despite the strict regulations and harsh penalties to protect consumers

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs.

0:07.9

Future Technologies always to transform our lives for better or worse are the focus of this podcast.

0:13.6

Almost here means these technologies are now here and starting to be used.

0:17.7

We're just around the corner.

0:19.7

From Bitcoin to artificial intelligence, 3D around the corner, from Bitcoin to artificial intelligence,

0:22.0

3D printing, blockchain, virtual reality, and more.

0:25.9

Hi, this is Richard Jacobs with Future Tech Podcast. I have as my guest today, Dmitri Sirota,

0:31.9

the CEO of Big ID. We're going to talk about privacy issues and, you know, some related stuff like that.

0:38.6

Dimitri, how are you doing?

0:39.9

I'm pretty good. Thank you very much.

0:41.4

Yeah, thanks for coming. Would you mind giving listeners a sketch of what you do?

0:46.3

Sure. So Big ID is a company based in the U.S. and Israel, and we basically provide software for enterprises to help them manage privacy

0:57.4

for their customer and employee data.

1:00.6

Okay.

1:01.3

What does that mean privacy for their data?

1:03.9

Is it security for their data, or is it, you know, what do you mean?

1:08.6

So what we mean is basically there's a number of requirements that organizations need to be able to track and monitor around their customer data.

1:15.7

So they need to be able to figure out if they have consent for it.

1:18.4

They need to be able to figure out whose data they have and where that data resides.

1:22.5

They need to know in the event of a breach who was affected.

1:26.7

So there's a number of these requirements.

1:29.0

If they're doing analytics, they need to be able to ensure that the data doesn't have any

...

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