Govt proposes penalty of up to Rs 500 crore for data breach under Data Protection Bill

NEW DELHI: The federal government has raised the penalty quantity to as much as Rs 500 crore for violating the provisions proposed beneath the draft Virtual Non-public Information Coverage Invoice 2022 issued on Friday.
The draft private information coverage invoice in 2019 proposed a penalty of Rs 15 crore or 4 consistent with cent of the worldwide turnover of an entity.
The draft proposes to arrange a Information Coverage Board of Indiawhich can lift on purposes as consistent with the provisions of the invoice.
“If the Board determines on the conclusion of an inquiry that noncompliance via an individual is very important, it is going to, after giving the individual a cheap alternative of being heard, impose this kind of monetary penalty as laid out in Agenda 1, now not exceeding rupees 5 hundred crore in each and every example,” the draft stated.
The draft has proposed a graded penalty device for information fiduciary that may procedure the private information of knowledge homeowners best in line with the provisions of the Act.
The similar set of consequences shall be appropriate to the Information processor — which shall be an entity that may procedure information on behalf of the Information Fiduciary.
The draft proposes a penalty of as much as Rs 250 crore in case the Information Fiduciary or Information Processor fails to give protection to towards private information breaches in its ownership or beneath its keep an eye on.
The draft is open for public remark until December 17.

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