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According to the IT (Amendment) Act, 2008, a corporate entity could be liable to pay compensation for negligence in implementing and maintaining reasonable security practices and procedures in order to protect Sensitive Personal Data or Information. What is the amount of penalty?
Suggested Answer: B
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40 comments · newest first
PA
Pamella
11 months ago
Nope, it's definitely Rs. 50,000,000.
JE
Jess
11 months ago
I thought it was an upper limit not defined.
NI
Nieves
11 months ago
Wait, is it really that much? Sounds excessive.
FE
Felix
11 months ago
Totally agree, that's a hefty fine!
TU
Tula
11 months ago
The penalty is Rs. 50,000,000.
FR
Freeman
12 months ago
I remember discussing the penalties in class, and I thought it was Rs. 50,000,000, but I could be mixing it up with another regulation.
KR
Kristofer
12 months ago
I practiced a similar question last week, and I think the penalty was Rs. 5,000,000, but I'm not entirely sure.
AN
Andra
12 months ago
I recall that the upper limit wasn't clearly defined in some cases, so I'm leaning towards option A.
LA
Lashaunda
1 year ago
I think the penalty amount is quite high, but I can't remember if it's Rs. 50,000,000 or Rs. 500,000,000.
AD
Adela
1 year ago
Ah, I remember learning about this in class. The key is to focus on the phrase "Sensitive Personal Data or Information." That should give me a clue to the right answer.
DA
Danica
1 year ago
Hmm, I'm not too sure about this one. The wording is a bit tricky, and I'm not familiar with the details of the IT Act. I'll have to think this through carefully.
TI
Tien
1 year ago
This seems like a straightforward question about the IT Act. I'm pretty confident I can find the right answer.
FR
Freeman
1 year ago
Okay, let me break this down step-by-step. The question is asking about the penalty for negligence in implementing security practices to protect sensitive data. I'll need to review the relevant sections of the IT Act to determine the correct amount.
AM
Amber
1 year ago
Ah, this is a good one. I remember learning about the storage limitations of RDS, so I think I've got a good handle on this. Time to put that knowledge to the test.
SH
Sharika
1 year ago
I'm feeling a bit confused about whether actual prime cost really prevents inefficiencies—it sounds like it might but I need to double-check my notes.
AL
Alaine
1 year ago
Okay, let's see. Posting responses to explain the problem and timeline for resolution seems like the most reasonable option. Gotta address the customer concerns head-on.
TY
Tyra
1 year ago
Wait, is this a trick question? What if the answer is actually 'none of the above'? I'm just going to go with my gut and say C) Rs. 50,000,000. Or maybe I should just flip a coin...
GL
Glennis
1 year ago
User 3: I believe the upper limit is not defined, so A) Upper limit not defined.
MA
Maira
1 year ago
User 2: I'm not sure, but I'll go with B) Rs. 5,000,000.
MA
Marleen
1 year ago
User 1: I think the penalty amount is C) Rs. 50,000,000.
MI
Mitsue
1 year ago
I'm going to have to go with C) Rs. 50,000,000. It just feels like the sweet spot between a slap on the wrist and breaking the bank. Though I'm sure the lawmakers had a good reason for the number they chose.
OL
Oliva
1 year ago
Yeah, it's important to have consequences for negligence in data protection.
CH
Chanel
1 year ago
I agree, it seems like a significant amount without being excessive.
BE
Beata
1 year ago
I think C) Rs. 50,000,000 is a reasonable choice.
ED
Edda
1 year ago
Hold on, what if I told you the correct answer is A) Upper limit not defined? That would be a real plot twist, wouldn't it? Time to brush up on the latest amendments!
VA
Vanesa
1 year ago
Whoa, that's a hefty fine! D) Rs. 500,000,000 seems a bit extreme, doesn't it? I'm going with C) Rs. 50,000,000 as the more reasonable upper limit.
MI
Mira
1 year ago
C) Rs. 50,000,000
TE
Tequila
1 year ago
B) Rs. 5,000,000
GI
Gianna
1 year ago
A) Upper limit not defined
BU
Buck
1 year ago
I think the answer is B) Rs. 5,000,000. The IT (Amendment) Act, 2008 sets a clear limit on the penalty for negligence in protecting Sensitive Personal Data or Information.
LO
Lonna
1 year ago
I agree with you, it is B) Rs. 5,000,000.
CH
Chantell
1 year ago
I'm not sure, but I think it's D) Rs. 500,000,000.
SU
Suzan
1 year ago
I think it might be C) Rs. 50,000,000.
DA
Darci
1 year ago
I believe the answer is B) Rs. 5,000,000.
AU
Audria
1 year ago
Actually, the upper limit is not defined. So, it could vary depending on the severity of the negligence.
LY
Lynelle
1 year ago
I believe it's Rs. 500,000,000. That's a huge amount!
ED
Edgar
2 years ago
I think the penalty amount is Rs. 50,000,000.
DI
Diane
2 years ago
I'm not sure, but I think the upper limit is not defined. It could vary depending on the severity of the negligence.
AL
Alana
2 years ago
I believe it's Rs. 500,000,000. That's a huge amount!
YU
Yuki
2 years ago
I think the penalty amount is Rs. 50,000,000.