Ministry Of Electronics and Information Technology

Govt is considering amendment to allow voluntary use of Aadhaar for eKYC

Industry watchers say that problem will continue if laws only focus on banks

Fintech players have been looking for alternative means for eKYC

This move comes in after a number of data breach incidents were reported by Google and Facebook

At present, penalties for failing to report a data breach are reportedly very low

Reports say that companies willfully delay responses to investigations of potential breaches

Facebook received 16,580 data requests during January-June period

Facebook said that it had provided the data to the Indian government in 53% of the cases

The demand this year has been higher than the last two years

Indians did 244.81 Cr digital transaction in August, 2018, up 207% since demonetisation

The total value of transactions stood at $2.82 Tn as of August 2018

The UPI platform recorded 482 Mn digital transactions in October 2018

On September 25, the attackers exploited a vulnerability in Facebook’s code that impacted “View As” feature

Facebook has fixed the vulnerability and informed law enforcement

The Ministry of Electronics and IT has asked Facebook to quantify the impact on its users in India

COAI said blocking an entire app would be disproportionate and “harm the constitutional rights of users” at large

The telecom lobby said that any blocking must be targeted at the content or at the account level

It was also suggested that the government should block a user or malicious content instead of blocking an app or site

The Special Group Will Comprise Of Officials From The Industry Department And Enforcement Directorate

WhatsApp Is Currently Stuck In A Limbo For Its Payment Services

Facebook Had Apologised And Made Assurances Of Data Safety In Response To The Government's Second Letter On The Matter

A Comprehensive List Of Startup Schemes Introduced By The Indian Government In The Last Few Years