Around 40-50 percent of the recent 20-25 percent spike in cyber insurance uptake is coming from companies purchasing the cover for the first time, experts pointed out
"Transparency brings in trust. It needs data and the data has to be protected,” said Rahul Narwekar.
The proposed consent management system emphasises that bundled or implied consent will not be allowed. Each data processing purpose must have its dedicated consent, and users must provide affirmative action before the company and process that data.
The European Data Protection Supervisor (EDPS) clarified that the EIB failed to provide sufficient evidence that personal data shared with India would be protected to the same standard as in the EU.
The EU data watchdog said there simply wasn’t “enough evidence and proof” that countries like India could guarantee an “essentially equivalent level of data protection” as required under the EU’s stringent GDPR framework.
NASSCOM warned that restrictions on data flows could discourage investment, impact global competitiveness, and increase compliance costs for companies
The Global Data Alliance, a coalition of global companies including payments majors such as Mastercard, American Express and VISA, said facilitating data flows would be critical for India to position itself as a global hub of digital transformation
Earlier in 2023, the European Commission had said it was analysing the Digital Personal Data Protection Act (DPDP Act)
Questions were mainly raised around provisions of data transfer restrictions for significant data fiduciaries, consent manager operations and so on
Europe's General Data Protection Regulation (GDPR) is widely regarded as one of the most comprehensive and stringent data privacy laws in the world.
The new rules can be notified before the Maharashtra election, which is scheduled to be held on November 20, the report said citing a top government source.
Minister Ashwini Vaishnaw confirmed that the framework of DPDP Act is now complete, with the work flow including how to file complaints, taking up appeals and other details.
The society and government would have to work together to protect India’s data sovereignty, and the sooner we start, the better it would be for national interest as well as our individual data protection
IndiaAI mission will be effective if New Delhi can address the issues of job displacement and regulatory uncertainties
Though data privacy and information security have a close and critical relationship, they represent distinct aspects of safeguarding personal data. Understanding these nuances is crucial for organisations seeking to protect personal data in an increasingly interconnected world and to comply with the provisions of the DPDP Act
MeiTY had earlier indicated that it would extend more time to companies on specific clauses of the DPDP Act that would mean significant changes for them
Entities may be given about a year to tune their systems to comply with norms of Digital Personal Data Protection Act, 2023, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday.
Under the current SPDI Rules, companies may retain data of unsuccessful candidates provided that such retention is required for any future assessment of the candidate for a suitable opportunity.
There could be overlapping conflict between the provisions of the consent clause and that of legitimate use
Venkatraman said that laws passed by a country should lead to peace and harmony for its citizens, and growth and development for its businesses.
Whether it has to be independent or not independent is an extraneous debate, says Minister of State for Electronics and Information Technology
Sectoral regulations will supersede Digital Personal Data Protection's provisions in case of conflict, says Union Minister for Electronics and Information Technology.
Minister of Electronics and Information Technology Ashwini Vaishnaw will move for the Digital Personal Data Protection Bill to be passed in Lok Sabha on August 7.
Earlier, when the Digital Personal Data Protection (DPDP) Bill was tabled on August 3, Opposition MPs had urged the bill be sent to a Parliamentary Committee for further deliberation
The long-awaited Digital Personal Data Protection, 2023 Bill was tabled in Parliament on August 3, bringing India closer to its first legislation that specifically addresses citizens’ privacy and establishes guidelines for how individuals’ data can be used by private or government entities. The bill was introduced by Minister for Electronics and Information Technology (MeitY) Ashwini Vaishnaw in the Lok Sabha for consideration. Here are some of the features of the bill and the criticism from opposition MPs and experts. Watch to know more.