Launched by Union Minister Ashwini Vaishnav on August 3, the Lok Sabha has now (Monday) handed the Digital Private Information Safety Invoice 2023. The invoice lays out sure guidelines and tasks for companies dealing with and processing digital knowledge of customers. Misuse of knowledge or violation of the provisions could entice hefty penalties of as much as Rs 250 crore. It is a revised invoice that was accepted by the cupboard final month.
What’s the Digital Private Information Safety Invoice 2023?
Digital Private Information Safety Invoice 2023 is a step in direction of guaranteeing the privateness and safety of customers’ private knowledge. Because of the brand new invoice, there’s now Information Safety Board (DPB) within the image which can cope with considerations about knowledge violations. Companies at the moment are required to nominate a Information Safety Officer (DPO) in an organization and share their contact particulars with customers.
Moreover, the invoice additionally offers the central authorities the correct to manage the switch of non-public knowledge to overseas nations. The invoice introduces penalties starting from Rs 50 crore to Rs 250 crore in case of violation of the principles. This comes after just a few instances of knowledge breaches together with a latest SBI knowledge breach the place about 12,000 confidential information of the financial institution’s workers have been made public on the web.
Key highlights of the invoice
— Entities dealing with or processing customers’ knowledge should assure full safety even when the info is saved or processed on third-party servers.
— In case of a knowledge breach, entities ought to instantly report it to the Information Safety Board (DPB) and affected customers.
— Private knowledge of youngsters and bodily disabled individuals ought to solely be processed after taking permission, i.e. with the consent of guardians.
— Entities should appoint a Information Safety Officer and their contact particulars ought to be shared with customers.
— Failing to observe any provisions or misusing/mishandling private knowledge, entities could must pay fines starting from Rs 50 crore to Rs 250 crore.