New Delhi: The government needs to develop a strong regulatory framework around use of consumer data and the economic value attached to such information, amid rising concerns over security of personal data on social media and other platforms, Nasscom today said.Nasscom president R Chandrashekhar told that governments and citizens are seeking establishment of "boundaries" as currently, there are no clear rules and companies often operate with "unfettered freedom". Some kind of regulatory oversight and control over both the usage of data as well as the treatment of the economic value generated from (such) data, is needed," he said.The comments come at a time when there is a global outrage over breach of user data on social networking platform, Facebook. "It is no longer possible to do this independently of others. The Internet has unified the digital economic space globally, whereas the laws and regulations that are present and govern, are all national. "...there will be additional complications about how they are overseen and how access to the information itself will be available to the authorities... this will require greater enforcement and tools and capabilities," he said.

Source: Economic Times March 28, 2018 12:33 UTC