India bans MasterCard from adding new customers
The obsession with where data physically sits at rest is so amusing to me. Not limited to overzealous governments and financial data; healthcare is singularly obsessed with this. It makes no sense whatsoever, of course. I'd much rather store properly encrypted personal information or financial data in North Korea than storing it unencrypted in my home country.I would understand if they demanded both storage and processing be done in India. Then it's just about control, and the ability to sever MC's India operations from the mother ship in case things go really sour and the US tries to cut India off from the global financial system or something. But since it's just about data at rest, it's nonsensical.Or am I missing something?