India's regulatory bodies are insisting that transactional data be stored domestically to help prevent breaches and to have better data protection mechanisms in place. The move could help fast-track cybercriminal investigations. But will data localization lead to improved data security?This panel discusses:Whether the emphasis on data localization could hamper security efforts;The cost implications on storing data domestically;The best security controls to put in place;Whether creation of next-generation SOCs will help in building a strong monitoring framework.