Indian Govt to fine Rs. 250 crores for personal data breach! See what the new bill says
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A new bill considered by the Center proposes penalties for the data processor in the event of a data breach.
The Center is framing a new data protection bill that will do something about personal data breach. Ignored for a long time, the new data protection bill will fine the data processor or data fiduciary a sum of up to ₹250 crores in case it fails to have security safeguards to prevent such personal data breaches, say sources.The new bill is currently in the drafting stage as part of the Digital Data Protection Bill, which was earlier withdrawn from the Personal Data Protection Bill 2019. The original bill had proposed a penalty of Rs. 15 crores, or four percent of the company's global turnover. The new draft wants to incorporate stricter penalties for regulating social me...