Big Tech Firms Face Checks On Monetisation Of Data
Financial Express Mumbai|August 04, 2023
Personal data protection Bill tabled in Lok Sabha | Digital platforms will have to delete all past user data
JATIN GROVER
Big Tech Firms Face Checks On Monetisation Of Data

THE DIGITAL PERSONAL Data Protection Bill (DPDP), which was tabled in the Lok Sabha on Wednesday, empowers citizens to intimate to all digital platforms to delete their past data. Once the Bill becomes a law, the power of Big Tech firms, which is largely a result of them sitting on huge amount of consumer data, will get minimised. They will no longer be able to monetise consumer data by using it for purposes other than for which it was collected.

The firms concerned will need to collect data afresh from users and spell out clearly its purpose and usage. They will be booked for data breach if they depart from the purpose for which it was collected, according to the provisions of the Bill.

Companies handling large volume of data will also have to appoint data protection officers, who will be the point of contact for the grievance redressal mechanism.

Such entities will also have to appoint an independent data auditor to carry out data audit.

Further, the onus of data breach as a result of theft by employees, etc, will lie with the companies and the Data Protection Board will levy penalty on the company, the maximum amount of which has been fixed at ₹250 crore. The government can increase the fine through an amendment to the schedule if it feels the need to do so.

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