How Lending Apps Harass Vulnerable Indians #shorts #baitedTS

[sulochanapandian]

Its too sad. Hope cyber crime resolves this issue.
Traditional point security solutions are not sufficient to protect against data breaches, with PII.
Although too late to start, on 18 November 2022, the Government of India released the long awaited fourth draft of India's proposed privacy law, now renamed as the Digital Personal Data Protection Bill ('Bill').
The draft Bill defines a 'personal data breach' to mean any unauthorised processing or accidental disclosure, use, alteration, or destruction of personal data, that compromises its confidentiality, integrity, or availability.
The draft new law prescribes penalties for non-compliance. There is a schedule which mentions penalty caps for specific violations. For example, failure to take reasonable security safeguards to prevent personal data breach would involve a penalty of up to INR 25 million (approximately USD 30 million).
Penalties in general can go up to INR 50 million (approx. USD 60 million).