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White Paper on the Data governance for trade facilitation

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Submitted dateLast Update DateVersionProject Proposal StatusProject Page
2024-05-15
2024-06-14
1.0
Draft



Project Purpose

Data Governance facilitates smooth movement of data across entities and borders. In the light of the increased cross border data flows in the context of domestic and cross-border trade along with data localization, privacy issues and guidelines, it becomes imperative to have governance related guidelines and controls in place. There have been numerous incidents of data breach and leakages – which have put data owners at risk. Adversarial attacks on data models lead to leakage of private and classified information which is not only a privacy issue but also a socio-economic threat. An enterprise level data leakage can lead to economic and financial impact on corporations and international bodies. Thus, data governance policies and effective controls could ensure: • Centralized and distributed policies and systems • Standardization of domestic and cross-border data exchange • Meeting Compliances • Incorporating principles of data privacy • Implementing Cyber security through standard Information Security Management Systems

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