Cleary Gottlieb Steen & Hamilton LLP (LexBlog India)
The Indian Personal Data Protection Bill 2018: a view through the lens of the EU GDPR
In summer 2018, a new Indian Personal Data Protection Bill was released by a Committee of Experts formed under the Chairmanship of Justice B.N. Srikrishna (the “Bill”), accompanied by a report titled “A Free and Fair Digital Economy: Protecting Privacy, Empowering Indians.” After several months’ hiatus, reports are emerging of renewed impetus from India’s Ministry...
Failure to Comply with Breach Notification Requirement in India Costs Yes Bank $1 Million
On October 23, 2017, the Reserve Bank of India (“RBI”), India’s central banking institution, imposed a $1 million fine on Yes Bank Ltd. for failure to report a data breach within two to six hours as mandated by the “Cyber Security Framework in Banks” issued by RBI in June 2016. Under the framework, regulated banks...