Last year, did any of your employees use a co-worker's computer and read files without authorization? Maybe the access was unintentional and no information was shared. But because it was viewed by an unauthorized person, the data is considered breached.
What if someone with legitimate authorization purposely accesses and/or shares data with the intent of causing you harm? This malicious insider also caused a data breach. Did any employee lose an office device last year? It could be an unencrypted and unlocked laptop or external hard drive—anything that contained sensitive information. Again, a data breach has occurred. Finally, were you hacked?
All these constitute data breaches. It occurs when the personal data for which an organization is responsible suffers any unauthorized processing or accidental disclosure, acquisition, use, sharing, alteration, destruction, or loss of access that compromises the confidentiality, integrity, or availability of such data.
If you suffered a data breach last year, would you have needed to report it to an authority? ‘No’ may be your guess, since India did not have a data protection authority in place. But will you need to report such occurrences, retrospectively, once the envisaged Data Protection Board of India (DPBI) is set up?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A Boycott of Costco for Its DEI Efforts Is Not Likely to Succeed
The US retailer has a loyal base of shoppers that it's unlikely to lose
Wealth tax: Let's judge it by principles of taxation
Tax canons laid down by Adam Smith remain relevant, though his list has been extended. Test the idea of a wealth tax against these, lest we get carried away by progressive idealism
Hacked in 2024? India's privacy rules require you to take action
Draft digital personal data protection rules demand that data breaches be reported retrospectively
MFD, RIA, RA: Explore your career as a financial adviser
Understand the earning potential, licensing and compliance to choose your best suited path
Cutting Through the Clutter: Key Focus Areas for Retail Investors in 2025
Remember that social media is for fun, and not serious topics such as personal finance advice
Health insurance claims: How to ensure grievance redressal
My health insurer recently rejected my claim, citing my inability to provide key internal hospital papers that they require. Despite having submitted all other necessary documents, they are insisting on these specific papers, which I am unable to obtain from the hospital. I believe my claim is valid and that I have complied with all the necessary documentation required.
Assam mining tragedy: Rescue operations on for fourth day
Rescue operations by multiple state and central agencies continued for the fourth day on Thursday to locate trapped miners inside an illegal rat-hole coal mine in Dima Hasao district of Assam, officials said.
Bank officers' union warns of strike
Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on 24-25 February to press for their various demands, including a five-day work week and adequate recruitment in all cadres.
Centre to give LPG subsidy to oil PSUs
The government is likely to provide a subsidy of ₹35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, people aware about the development said.
Eli Lilly to Set Up GCC in Hyderabad
Pharma major Eli Lilly and Co. on Thursday said it plans to establish a new global capability centre (GCC) in Hyderabad and hire over 1,000 people to strengthen its digital strategy and service delivery.
