What is Penalty for data breaches under DPDP Act?
Nexa Consultancy | Startup & Finance Glossary
Under India's DPDP Act, 2023, penalties for data breaches are significant and can go up to ₹250 crore. The penalty depends on the nature, gravity, and duration of the breach, the type of data involved, and the number of affected users.
Startup Example: A fintech startup with millions of users experiences a data breach. The Data Protection Board could levy a penalty running into several crores, potentially crippling the company.
We advise on building robust systems as part of our FinTech advisory.