Skip to main content

4 Ways How Data Privacy Plays A Big Role In A Business Environment

Data protection has become a vital part of the business atmosphere. Not only in India but all across the world there have been steps to formulate the toughest and most complex data privacy law in existence. The most recent data breaches have been closely studied by cyber law firms in India. So, they have devised techniques that are ready to help the world witness a global shift towards a more comprehensive and safe environment.

Here's how data privacy awareness is changing the way companies are doing business:

1. Remaining transparent about the customer's data:
  • Companies must be transparent to their customers about the way they are going to use the data they collect.
  • In fact, the process has already begun and major companies now come with disclaimers and policies that mention the fact that the data being borrowed won't be sold to anyone or any firm.
  • Companies in the e-commerce sector are taking preventive measures to safe keep the credit card and other confidential data of their customers.
2. Imposing a fine on companies that violate customer's data:
  • There have been numerous instances lately that depicted the will of law firms to take data breaches by companies very seriously.
  • There are severe ramifications to the companies that violate or ignore the fact of saving the client's data from security breaches in the company's pipeline.
  • The data breaches in Facebook and Yahoo have set strong examples for companies who turned a blind eye towards the security of their client's data.
  • Such companies have also seen a potential hit to their revenues and client base. Misusing or mishandling customer's data is no less than a sin today.
3. Being more transparent than ever
  • A lot of companies now provide extra sections on their websites and policy section to inform customers about how their infrastructure can be relied upon to keep the confidential data secure. This is to ensure that there are no secrets kept from the customers.
  • Customer-facing declarations are a must from the company's side before a person becomes a customer. The companies that try to deceive customers by not publishing the privacy policies or hiding them are fined in hefty amounts.
  • Customers have started to feel safer and more secure than ever after becoming informed about the various policies.
4. Companies taking a stand for data privacy
  • Who will a person claim responsible for maintaining his/her data? The company who holds it or the government? Without much thought, the majority will answer in favour of the company holding the data.
  • Companies have started taking a stand on the importance of data privacy.
  • Cyber law firms in India have ensured that the companies show how they care about data privacy and how they inculcate this factor in their company policies.
You don't want your customers to get a feeling that their confidential data is being compromised with.
 
For now, data privacy is a top concern for many companies and end customers too!

As a highly experienced cyber law firm in India, Techno Legal Consultant is helping India in keeping space free from cyber frauds. We also give legal advice to startups and help them before they venture into the vast market.

Comments

Popular posts from this blog

Role of HR in Mitigating Cyber Security Threats- An Insight into Cyber HR Courses

Cyberattacks have wreaked havoc worldwide spurring billions of dollars in global economic loss. According to the Cisco 2018 Annual Cyber Security Report, cyberattacks have caused damages worth USD 500,000 to Indian firms in the past 1.5 years. With time, cybersecurity issues will become more complex with a massive increase in data breaches in the coming years. In today’s IT-enabled businesses, HR practices need to be implemented using several techno-legal controls. This will put a stop to various HR issues like data theft, source code misuse, client poaching, employee poaching, handover/exit formalities, digital reputation attacks using fake profiles, misuse of IT facilities, misuse of social media by employees and other similar issues. The next question is how HR helps in reducing cybersecurity threats. Head down as we throw some light on the best cybersecurity courses in India. Role of HR in preventing cyber attacks Several cybersecurity problems occur bec...

Cyber Attacks and the Laws that Provide Protection

You’ve seen a spider web, right? Have you ever observed how it spreads in a day or two and soon it covers entire rooms? Well, cyber-attacks have become a similar phenomenon, and it can be said that every other person and business is under attack. Cybercrime investigation in India is trying its best to stay ahead of these threats and attacks, and yet various kinds of crimes keep popping up. There are various cybercrime reports that suggest that Financial Services (FS) and Technology, Media & Telecommunication (TMT) sectors are two of the most attacked sectors in India. Here’s what has been going on in India: A malware known as Petya was used to attack a terminal in India. In 2018, a bank was hit by a major cyber-attack using the ATM server. The hackers are known to steal details of several Rupay and Visa card owners. Now, if such big names need to go through a cybercrime investigation in India, then what are the chances of a regular-sized business ...

The Advent Of Cyber Crimes And Tips To Combat Them

To keep customer's money safe, financial institutions worldwide use two-factor authentication. We have used them for our bank accounts. How? Remember those short, 4 to 6-digit codes that you receive from your bank when you try to log in for the first time on a new device, or when you have to input to approve a transaction. Banks send these one-time passwords through SMS text messages. SMS is, unfortunately, one of the weakest ways to implement 2FA because text messages are interceptable, as agreed by cyber law firms in India . Are we being paranoid? No. Here is an incident that happened in the UK. Telecom protocol SS7 was hacked by crooks to steal banking two-factor authentication codes. Judging by the media headlines, it's the golden age for online scams. High payoffs and the moderately low risk of detection are an inspiration for criminals to "go online." Some groups break up or are caught by law enforcement, but newer groups pop...