Fraud Strikes: Your 72-Hour Battle Plan for Financial Recovery under DPDPA 2023
Anil Patil ??"PrivacY ProdigY"??
Referral Partner @OneTrust, USA | Privacy Compliance Software-Influencer | LinkedIn Data Privacy Voice | Author- Privacy Essential Insights | YouTuber-"PrivacY ProdigY","SparkTechX" |
Immediate steps to be taken if you are a victim of online financial fraud.
If you are victim of online financial fraud whether it is work from home, digital arrest seam. Normally we make online complaint. But it is very necessary nothing happens. Put details of everything on local police station. It increases chances of more money recovery. It is legal procedure of return property through which your money is drawn from your account. It can be recovered through court proceeding. Don’t get disappointed. Don’t think that I am victim of fraud what I can ?do. Forget all this. Take action in first 24 to 72 hours and inform Bank to stop transaction and lodge complaint, by hiring advocate. If you don’t get money back. There will be court proceeding and immediate action to recover money. Don’t get upset the situation will be in your hand.
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Under the Digital Personal Data Protection Act, 2023 (DPDPA), online financial fraud can be categorized based on the roles and responsibilities of different entities involved. Let's break it down:
1. Data Fiduciaries:
These are entities that determine how and why user data is processed. In the context of online financial fraud, platforms or intermediaries that on board users for providing financial services (such as banking, payment gateways, or investment platforms) fall into this category.
Data fiduciaries have specific obligations under the DPDPA, including ensuring lawful processing of personal data, transparency, and accountability.
2. Data Processors:
Data processors handle user data under the control or instructions of data fiduciaries. They may include:
??Cloud gaming service providers
??Payment processors
??Analytics service providers
??Support service providers
These entities process user data on behalf of data fiduciaries and are subject to the DPDPA's requirements.
3. Specific Functions:
The DPDPA recognizes certain functions that may not require explicit consent prior to processing personal data. These functions include:
?Detection and prevention of fraud
?Credit scoring
?Network and information security
?Entities engaged in these functions should still comply with other provisions of the DPDPA.
Remember that the DPDPA aims to empower and protect the rights of data principals (individuals whose data is being processed). It sets guidelines for lawful data processing, transparency, and fairness. If you're a victim of online financial fraud, understanding your rights under the DPDPA can be crucial in seeking redress and taking appropriate legal action123. ????
Certainly! Let's dive into the concept of data fiduciaries under India's Digital Personal Data Protection Act (DPDPA).
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1. Definition of Data Fiduciary:
According to the DPDPA, a data fiduciary is any individual or group that, either independently or in collaboration with others, determines the purpose and methods of handling personal data.
In simpler terms, data fiduciaries are entities (such as organizations, companies, or individuals) that control how personal data is processed—what it's used for and how it's managed.
2. Responsibilities of Data Fiduciaries:
The DPDPA outlines specific obligations for data fiduciaries:
Lawful Processing: Data fiduciaries must process personal data only for lawful purposes, ensuring compliance with privacy laws and regulations.
Transparency: Before collecting data, data fiduciaries must provide clear notices to data principals (individuals whose data is being processed). These notices should explain the purpose of processing, complaint procedures, and access to information.
Consent: Data fiduciaries must obtain informed and specific consent from data principals for data processing. Consent should be freely given, unconditional, and transparent.
Consent Managers: Data principals have the right to appoint a consent manager who oversees, assesses, or revokes consent granted to the data fiduciary. Consent managers act in the best interests of data principals.
Processing for Legitimate Uses: Data fiduciaries can process data for certain legitimate purposes (e.g., fraud detection, credit scoring, network security) without explicit consent.
3. Data Fiduciaries vs. Data Processors:
Data fiduciaries determine the purpose and methods of data processing.
Data processors, on the other hand, handle data on behalf of data fiduciaries. They follow instructions provided by the data fiduciary.
4. Importance of Data Fiduciaries:
Data fiduciaries play a crucial role in safeguarding individuals' privacy rights. They are responsible for ensuring that personal data is processed fairly, transparently, and securely.
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Remember, data fiduciaries are entrusted with the duty to protect individuals' data and respect their privacy. As we navigate the digital landscape, understanding these roles becomes essential for both organizations and individuals. ??????
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Certainly! Let's dive into the concept of data fiduciaries under India's Digital Personal Data Protection Act (DPDPA).
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1. Definition of Data Fiduciary:
According to the DPDPA, a data fiduciary is any individual or group that, either independently or in collaboration with others, determines the purpose and methods of handling personal data.
In simpler terms, data fiduciaries are entities (such as organizations, companies, or individuals) that control how personal data is processed—what it's used for and how it's managed.
2. Responsibilities of Data Fiduciaries:
The DPDPA outlines specific obligations for data fiduciaries:
Lawful Processing: Data fiduciaries must process personal data only for lawful purposes, ensuring compliance with privacy laws and regulations.
Transparency: Before collecting data, data fiduciaries must provide clear notices to data principals (individuals whose data is being processed). These notices should explain the purpose of processing, complaint procedures, and access to information.
Consent: Data fiduciaries must obtain informed and specific consent from data principals for data processing. Consent should be freely given, unconditional, and transparent.
Consent Managers: Data principals have the right to appoint a consent manager who oversees, assesses, or revokes consent granted to the data fiduciary. Consent managers act in the best interests of data principals.
Processing for Legitimate Uses: Data fiduciaries can process data for certain legitimate purposes (e.g., fraud detection, credit scoring, network security) without explicit consent.
3. Data Fiduciaries vs. Data Processors:
Data fiduciaries determine the purpose and methods of data processing.
Data processors, on the other hand, handle data on behalf of data fiduciaries. They follow instructions provided by the data fiduciary.
4. Importance of Data Fiduciaries:
Data fiduciaries play a crucial role in safeguarding individuals' privacy rights. They are responsible for ensuring that personal data is processed fairly, transparently, and securely.
Remember, data fiduciaries are entrusted with the duty to protect individuals' data and respect their privacy. As we navigate the digital landscape, understanding these roles becomes essential for both organizations and individuals. ??????
Warm Regards??,
?????????????? Anil Patil, Founder & Data Protection Officer (DPO), of Abway Infosec Pvt Ltd.
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