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Corporates' laxity resulting in massive data leaks- The New Indian Express


Express News Service
BENGALURU:  Rising instances of data breach at companies since the onset of the Covid-19 pandemic have placed sensitive information including financial details of millions of Indians at risk. India’s top firms including Air India, Big Basket, Flipkart, Mobikwik, JusPay and Dominos, among others, have been targeted by hackers since last year. A majority of such firms, however, have either not informed the impacted users or denied occurrence of such attacks. 
Experts say that lack of clarity on the cybersecurity regulations in India has also added to the laxity on part of the companies. According to a report by a US telecom firm Verizon, a firm may face losses to the tune of $21,659, due to a single data breach incident with 95 per cent of incidents falling between $826 and $653,587. In India, according to the MHA estimates, there was a 300 per cent increase in cyber attacks on companies in 2020 compared to 2019. ....

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Reviewing 2020 Data Breach Litigations


Monday, December 28, 2020
2020 has been a year for the record books, and the area of data breach litigation is no exception.   Several key developments, when considered individually or in conjunction, will likely make breach litigation a top of mind data privacy issue going into the next year.  So fasten your seatbelts and read on as CPW recaps what you need to know going into 2021.
Overview of Industries Impacted by Data Breach Litigation in 2020
What industries were impacted by data breach litigations in 2020?  The short answer: all of them.
Despite the widespread adoption of cybersecurity policies and procedures by organizations to safeguard their proprietary information and the personal information of their clients, consumers, and employees, data breaches are all too common.  CPW has covered previously how “[t]echnical cybersecurity safeguards, such as patching, are obviously critical to an effective cybersecurity program.  However, many of th ....

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