1. Introduction
India's ever-expanding digital infrastructure in the wake of
the pandemic has escalated the demand for new, updated, and
improved regulatory mandates for strengthening cybersecurity and
preventing cybercrime. Rampant, almost weekly cybersecurity attacks
have caused alarm bells across businesses, organizations, and
individuals. Be it cyber-attacks on Air India, Dominos and others,
the effect is that data leaks and data theft where personal data is
compromised appears to have become a regular phenomenon with
staggering costs. In fact, according to the Security Data Breach of
IBM, in financial year ending March 2022 the costs of a data breach
in India was INR 175 million, which is over USD 2 million. And let
us not forget the latest and most recent "Mother of All
Breaches," one of the largest data breaches to date which
could compromise billions of accounts worldwide, prompting concerns
of widespread cybercrime. This massive leak reveals 26
