An Indian Outline On Database Protection

One Business Processing Outsourcing company of India was in the eye of storm when one of its employees sold confidential financial information relating to customers of few British banks to an undercover reporter from the British tabloid 'The Sun'. The incident sparked off a debate among the offshore industry circles, media and the legal world for the need of specific legislation for the protection for personal data in India which is absent currently. With the growing dependence on technology and e-commerce the problem relating to same is growing by leaps and bounds. India being one of the preferred destinations for outsourcing industry requires well formulated regulations for dealing with such cybercrimes. Data in the current scenario have become largest corporate asset for the industry. Due to the importance of data in this new era, its security has become a major issue with industry.