Executives of companies to face 5 years of jail if found stealing data
By MYBRANDBOOK
The BN Srikrishna committee has drafted a bill on data protection. According to the bill, executives in companies should take extra care of protecting internal organisation-related data. If the company executives are found to have engaged in stealing or processing sensitive data, the person can be jailed for five years. While this seems to be a wake-up call for such executives, it is a much-needed measure.
The draft proposal suggests that violations of the data protection law should be treated as a criminal and non-bailable offence, adding that such investigations must be conducted by an official with the rank of an officer or above.
Considering that amount of data processed by companies such as Google, Facebook and Twitter, it remains to be seen if such a policy would come into effect. All the members of the committee is not agreed with the idea as they feel it is “excessive” and will have negative impact.
It is also mentioned that if a company executive is found guilty of leaking large amounts of sensitive personal information of an individual, he/she will be jailed for five years and/or a fine of Rs 3 lakh. The information can range from personal details such as passwords, sexual preferences, caste, religion, Aadhaar number or tax details. Many experts on data protection also suggested that the proposed move is a tad too hard on company executives. If a company executive has been found leaking or tampering personal data of individuals working under him, the punishment recommended is three years in jail and a penalty of Rs two lakh.
The bill also considers offences by central or state governments. This means that the head of the department of any concerned authority will be held guilty if any such tampering is found. Other than that, the panel also suggest civil penalties for companies that have been found breaching data and personal information of individuals.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
DIGISOL SYSTEMS LTD.
NUMERIC INDIA, A Group Brand Legrand
ATRIE TECHNOLOGY PVT. LTD.
CP PLUS INDIA PVT. LTD.
Technology Icons Of India 2023: Madhabi Puri Buch
Madhabi Puri Buch is the chairperson of the securities regulatory body...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
Technology Icons Of India 2023: Mukesh D. Ambani
An Indian billionaire businessman Mukesh Dhirubhai Ambani is currently...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...