28.6.2. Data Privacy and Cybersecurity Laws

Try these first

1. 1.

   What does GDPR stand for?

   Hint

   Think about regulations aimed at data protection in the EU.

2. 2.

   What is the purpose of the IT Act?

   Hint

   Recall the role of this law in protecting electronic data.

3. 3.

   What does GDPR aim to protect?

   • Personal Data
   • Financial Records
   • Corporate Data

   Hint

   Think about what individuals share online.

4. 4.

   The IT Act provides a framework for what in India?

   • True: Electronic Governance
   • False: Only Cyber Crime

   Hint

   Consider its wider implications beyond just cyber crime.

5. 5.

   A FinTech startup has just received a massive influx of user data. Describe a comprehensive approach they should follow to meet GDPR compliance.

   Hint

   Consider both technical solutions and administrative measures.

6. 6.

   Analyze the repercussions a major bank faced due to violation of the IT Act and how it could have been avoided.

   Hint

   Explore how preventive measures can mitigate legal risks.