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What is the maximum compensation that can be imposed on an organization for negligence in implementing reasonable security practices as defined in Section 43A of ITAA, 2008?
Suggested Answer: A
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38 comments · newest first
PA
Paola
10 months ago
Nope, it's definitely capped at 15 crores.
TI
Timothy
11 months ago
I thought it was uncapped, but I guess not!
CA
Carolann
11 months ago
Wait, is it really that high? Sounds surprising.
MA
Maryrose
11 months ago
Totally agree, that's a hefty penalty!
SH
Sheron
11 months ago
It's 15 crores or 4% of global turnover, right?
RO
Ronny
12 months ago
I remember discussing uncapped compensation in class, but I don't think that's the case here. It feels like it’s capped at 5 crores or something like that.
RO
Ronnie
12 months ago
I practiced a similar question last week, and I believe the answer was 15 crores or 4% of turnover, but I’m not 100% certain.
JI
Jina
12 months ago
I vaguely recall that Section 43A had a specific cap, but I’m not sure if it was 5 crores or 15 crores.
VI
Viva
1 year ago
I think the maximum compensation is related to the global turnover, but I can't remember if it's 15 crores or something else.
LE
Leonard
1 year ago
I'm a bit confused by the wording of this question. I'll need to carefully read through the details to make sure I understand the compensation limits correctly before selecting an answer.
CH
Chu
1 year ago
Okay, I've reviewed the relevant section, and I believe the maximum compensation that can be imposed is 15 crores or 4% of the global turnover, so I'll go with option C.
VI
Vivan
1 year ago
Hmm, I think the answer is C, but I'm not 100% certain. I'll need to review the specifics of the compensation limits outlined in the law.
LE
Lezlie
1 year ago
This question seems straightforward, but I want to double-check the details in Section 43A of ITAA 2008 to make sure I have the right information.
RO
Rosita
1 year ago
Okay, let's see. The "one switch at a time" approach sounds like it would be good for campus and remote sites, and it would allow me to test things out before fully committing. I'll go with those two.
DO
Dorothy
1 year ago
Hmm, I'm a little unsure about this one. I'll need to think it through carefully to make sure I understand the different options.
GE
Georgeanna
1 year ago
Okay, let me think this through. The question is asking about true statements regarding the AES and AACC, and it mentions the interface between them is Mutual TLS. I'll need to focus on that and the certificate requirements.
JO
Jose
1 year ago
This seems like a pretty straightforward SNAT pool sizing question. I'll need to do some quick calculations to determine the minimum number of SNAT addresses required.
SO
Soledad
1 year ago
I'm torn between B and C, but I think I'll go with C. After all, 15 crores is a lot of money, and 4% of global turnover could be even higher. Better to play it safe and avoid the wrath of the regulators!
JE
Jesusita
1 year ago
Definitely. It's always best to follow the regulations to avoid any hefty penalties.
AL
Alexis
1 year ago
Yeah, I agree. The consequences of non-compliance can be severe.
DO
Dorthy
1 year ago
I think you made the right choice. It's better to be safe than sorry when it comes to compliance.
TH
Thomasena
1 year ago
Option D? Really? 5 lakhs? That's pocket change for most organizations. I'm convinced Option C is the right choice here.
DE
Desmond
1 year ago
Option A sounds a bit too good to be true. I doubt the law would have an 'uncapped' compensation. I'm betting on Option C as the correct answer.
GA
Garry
1 year ago
Let's go with option C then, it seems like the most likely answer.
CL
Clement
1 year ago
I'm not sure, but option C does sound like it could be the right choice.
LA
Lavonne
1 year ago
I think option C is the correct answer, it seems more realistic.
GA
Gail
1 year ago
I agree, option A does seem too good to be true.
CA
Caprice
1 year ago
Well, the question clearly states 'maximum compensation', so I'm going to go with Option C. 15 crores or 4% of global turnover seems like the highest potential penalty.
LA
Lashandra
1 year ago
Yes, it's important for organizations to ensure they have proper security measures in place to avoid such hefty fines.
JO
Joaquin
1 year ago
I agree, Option C seems to be the most severe penalty.
BR
Bronwyn
2 years ago
Hmm, this seems like a tricky one. I'm leaning towards Option C, but I'll need to double-check the details of Section 43A to be sure.
AG
Agustin
1 year ago
Let's research it further before making a final decision.
JO
Joseph
1 year ago
I'm not sure, I need to look into it more.
TA
Tammara
1 year ago
I agree, that seems like the most likely option.
CA
Carissa
1 year ago
I think it's C) 15 crores or 4% of the global turnover.
DE
Denny
2 years ago
I'm not sure, but I think it's better to implement strong security practices to avoid such hefty penalties.
GA
Gabriele
2 years ago
I agree with Cyndy, the maximum compensation can be quite high if the organization is found negligent.
CY
Cyndy
2 years ago
I think it's C) 15 crores or 4% of the global turnover.