“It is a moment of pride for us as the Digital Personal Data Protection Bill has been passed by the Rajya Sabha today. This is a major step forward for India in protecting the privacy of its citizens. Fulcrum Digital is committed to complying with the provisions of the Bill and ensuring that we handle our customers’ data responsibly. The Bill sets forth a comprehensive framework for the collection, use, and sharing of personal data in India and empowers individuals to take action against businesses that misuse it. The Bill also establishes a Data Protection Authority to enforce the law and protect the privacy of citizens. The passage of the DPDP Bill is a major victory for privacy advocates in India. It is a sign that the government is committed to protecting the privacy of its citizens. Fulcrum Digital is looking forward to working in tandem with the government to implement the Bill in an effort to respect the citizens it protects and empowers.”
Vaibhav Tare, CISO & Global Head – Cloud & Infrastructure Services, Fulcrum Digital Inc.
“The Digital Personal Data Protection Bill is a welcome step towards strengthening India’s cybersecurity posture. The bill provides a comprehensive framework for regulating the use of data by private businesses, and it will help protect Indian citizens from cyber threats and other misuse of their digital data. We are pleased that the Bill includes provisions for data localization, which will ensure that data stays within the country’s borders. This is essential for protecting Indian citizens’ privacy and security, and it will also boost job creation within the security space. We look forward to working with the Government of India to implement the Bill and strengthen cybersecurity postures within the country.”
Sunil Sharma, Vice President – Sales India and SAARC, Sophos
“Data is the one of most important assets for every Organization in today’s digital era. As more and more organization start leveraging the power of digital, the risk of data breaches is also increasing. Today, Data is getting stored across multiple environments such as on-premises, private clouds, different public clouds, third party SaaS and service providers, which makes it difficult for the organizations to uniformly apply and monitor the necessary security policies and technical controls using traditional security frameworks and tools. The increase in number of Ransomware, social engineering attacks and supply chain attacks in recent past have also resulted in many data breaches. The associated cost of managing any such data breaches has also increased multi-fold due to increased scope and exposure to these diverse environments.
In a recent data breach study, conducted by IBM in 2023, it was found that the average cost of a data breach has increased to $4.45 million. This is a significant increase from the average cost of a data breach in 2022, which was $3.92 million. The study also found that the number of data breaches has increased in recent years. In 2023, there were over 360,000 data breaches reported worldwide. This is an increase of 10% from the number of data breaches reported in 2022. The IBM study also found that the average time to identify a data breach is 280 days.
To be able to ensure data security and privacy in today’s world, organization needs to adopt a holistic “Digital Risk Management” strategy, which should aim to assess, manage and monitor the risk across all digital initiatives. Such Digital risk management strategy must include –
An integrated Threat and Risk assessment framework to consider the new risk factors.
Tools and technology platform which can work seamlessly across different environments.
Real time visibility of data and any access attempts to the data.
Faster detection and response leveraging enhanced automation and artificial intelligence.
Skilled and Trained subject matter experts.
We at Happiest Minds Technologies are committed to help our clients protect their data. We have a team of experienced data security professionals who can help you to assess your current risks and implement the necessary measures to protect your data. Our Digital Risk Management practice has adopted industry leading research, frameworks and tools to address data security and privacy requirements for today’s digital organization. We have leveraged our deep understanding of digital technologies including cloud, analytics, IOT, blockchains etc. to enhance all our Security services including Vulnerability management, Identity and access management, data security and cloud security etc to address the security challenges typically faced by organization in their digital transformation programs. Our Manged Security services and platforms are designed to manage and monitor security across multiple environments and provide an integrated view of security posture across multiple environments.
As the world continues to adopt more and more digital technologies like 5G, AR/VR, newer AI/ML models, connected devices etc. it will continue to drive tremendous growth in amount and spread of data. We are already seeing adoption of digital technologies by bad actors to create more threats like AI impersonation, Vishing and deep fakes etc. which can become more dangerous if bad actors get access to a lot to personal/private data. Any data breaches in future may also have far sever consequences due to its ability to cause physical, financial, psychological and reputational damages.
It’s very important for the organization’s today to adopt a holistic approach towards data security, privacy and continue to enhance their Digital Risk Management capabilities either internally or leveraging a specialized partner like Happiest Minds.”
Vijay Bharti, CISO, Happiest Minds Technologies
Clover Infotech
“I think the passing of the Digital Personal Data Protection bill by the Rajya Sabha will enable to protect citizens’ personal data and privacy. It will create a framework for responsible and transparent handling of citizen’s data. It also lays down norms for social media intermediaries, cross-border transfer, and accountability of entities processing personal data, thereby significantly impacting several lives. I believe such robust data protection measures are absolutely essential in today’s digital world for fostering trust between businesses and consumers.”
“The recently passed Digital Personal Data Protection (DPDP) Bill by the government of India, is an important legislation that will provide much-needed clarity and certainty for businesses and individuals alike. It will aid in protecting data and privacy, while also promoting innovation and economic growth.
As a global leader in cloud and data management services, NetApp offers solutions that enable enterprises to protect the privacy and security of their customers’ data in the most efficient way. We believe that the DPDP bill is a positive step towards ensuring that data is managed responsibly and ethically. We look forward to working with the Government of India, our partners, and all relevant stakeholders to ensure data resiliency across sectors and operations.”
Puneet Gupta, Vice President & Managing Director, NetApp
