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Introduction

Non-Banking Financial Companies (NBFCs) have become a critical pillar of India’s financial ecosystem, offering loans, asset financing, microfinance, and other services. But unlike traditional banks, NBFCs operate in a space that is both highly regulated and increasingly dependent on digital infrastructure.

As financial operations go digital, compliance is no longer limited to RBI guidelines and capital adequacy norms. Today, NBFCs must also comply with digital laws and cybersecurity regulations to protect sensitive customer data, ensure operational transparency, and avoid severe penalties.

In this blog, we explore how NBFCs can stay compliant with digital laws, the risks of noncompliance, and the steps they must take to safeguard both customers and operations.

The Digital Compliance Landscape for NBFCs

NBFCs are subject to multiple laws and regulations that govern their IT systems, data
handling, and cyber resilience:

  1. Information Technology (IT) Act, 2000
    • Governs digital records, electronic signatures, and data protection.
    • Mandates reasonable security practices for handling sensitive personal data.
  2. CERT-In Guidelines (2022)
    • Requires reporting of cybersecurity incidents (such as phishing, ransomware, or data leaks) within 6 hours of detection / awareness.
    • NBFCs must maintain audit trails of critical activities and ensure an incident response plan is in place.
  3. Data Protection Laws (DPDP Act, 2023)
    • NBFCs (as Data Fiduciaries) must collect and process personal data only with clear consent or for legitimate uses permitted by law.
    • Data Fiduciary Obligations: NBFCs must implement reasonable security safeguards to prevent personal data breaches and, in case of an incident, promptly report it to the Data Protection Board (DPB) as well as the affected individuals.
    • Non-compliance can attract fines up to ₹250 crore per instance, depending on
      severity and nature of the violation.
  4. RBI’s IT & Cybersecurity Framework for NBFCs
    • Requires implementation of board-approved IT policies, periodic audits, and risk management systems.
    • Focuses on data confidentiality, integrity, and availability.

Consequences of Non-Compliance

Non-compliance with digital laws doesn’t just lead to RBI fines, it can extend to:

  1. Monetary Penalties
    • Breaches of the IT Act or DPDP Act can attract fines up to 250 crores.
    • Failure to report a cyber incident under CERT-In can result in regulatory action.
  2. Operational Disruption
    • Cyberattacks or regulatory bans can halt lending, collections, or digital payments.
  3. Reputational Damage
    • Public disclosure of non-compliance can erode customer trust and investor confidence.
  4. Legal Liabilities
    • Directors and officers can be held personally accountable for negligence in IT governance or data protection.

How NBFCs Can Stay Compliant

To safeguard both operations and customer trust, NBFCs must adopt a proactive compliance
strategy that blends technology with governance::

  • Regular IT Audits: Identify gaps in systems, processes, and security controls before regulators do.
  • Data Protection Frameworks: Implement encryption, access controls, and secure storage aligned with DPDP guidelines.
  • Cybersecurity Monitoring: Deploy SIEM tools, intrusion detection, and endpoint security to catch threats early.
  • Incident Response Planning: Maintain CERT-In compliant processes for detecting, reporting, and mitigating breaches.
  • Employee Training: Build awareness around phishing, social engineering, and secure data handling.
  • Vendor Risk Management: Ensure that third-party fintech or outsourcing partners also comply with digital laws.

For NBFCs, compliance has moved beyond balance sheets and RBI circulars and now extends into digital law, data protection, and cybersecurity governance. The cost of ignoring these obligations is not just regulatory penalties, but also business continuity, customer trust, and long-term survival.

At TM Systems, we help NBFCs navigate this complex regulatory landscape by aligning IT systems with compliance requirements. From cybersecurity audits to data protection frameworks and regulatory reporting support, our experts ensure that your business stays both compliant and resilient.

If you’re an NBFC looking to strengthen digital compliance, let’s connect.

Why a Letter Isn’t Always What It Seems: Understanding Homoglyphs in Cybersecurity

Introduction

In cybersecurity, not everything is as it appears. A single character can be the difference between safety and a data breach. Homoglyphs are characters that look nearly identical but have different underlying codes; these are a subtle but powerful tool for attackers. From phishing emails to spoofed domains, homoglyph attacks exploit human trust in what we see on screen.
In this blog, we’ll break down what homoglyphs are, how they’re used in real-world attacks, and most importantly how to detect and prevent them.

What Are Homoglyphs?

A homoglyph is a character that visually resembles another character but comes from a different script or has a different Unicode value.
For example:•

  • Latin “a” (U+0061) vs. Cyrillic “а” (U+0430)
  • Latin “O” vs. Cyrillic “О”
  • Number “0” vs. letter “O”
  • Lowercase “l” vs. uppercase “I”

On most screens, they look identical. To a human eye, the difference is invisible. But to a Computer, they’re entirely different symbols.

What Are Homoglyphs?

Character Type Legitimate Character Look-Alike Homoglyph Unicode Value Example in Use
Latin vs Cyrillic Latin “a” (a) Cyrillic “а” (а) U+0061 vs U+0430 apple.com vs аpple.com
Latin vs Cyrillic (O) Latin “o” (o) Cyrillic “о” (о) U+006F vs U+043E google.com vs gоogle.com
Digit vs Letter Number “0” (0) Uppercase “O” (O) U+0030 vs U+004F m0ney.com vs money.com
Lowercase vs Uppercase Lowercase “l” (l) Uppercase “I” (I) U+006C vs U+0049 link.com vs Iink.com
Accented Characters Latin “e” (e) Latin “é” (é) U+0065 vs U+00E9 resume.com vs résumé.com
Special Symbols Hyphen-minus (-) En dash (–) / Em dash (—) U+002D vs U+2013 / U+2014 my-site.com vs my–site.com

 

How Attackers Use Homoglyphs

1. Phishing and Spoofing
Attackers replace characters in URLs to create fake domains that look legitimate.
Example: yahoo.com vs. yаhoo.com (where the “a” is Cyrillic).

2. Domain Name Spoofing
Fake websites harvest login credentials or financial details from unsuspecting users.

3. AI Text Evasion
Homoglyphs can be inserted into generated text to evade detection systems, making it harder to flag malicious AI-generated content.

How to Protect Yourself

  • Hover over links: Always check where a link leads before clicking.
  • Use browser protections: Browsers have built-in defences against homoglyph domains.
  • Scrutinize URLs: Watch for unusual characters, dots, or accents.
  • Enable Safe Links: Services like Microsoft’s Safe Links add an extra security layer.
  • Stay aware: Awareness is the first line of defence.

Detecting & Preventing Homoglyph Attacks

Detection Tools

  • Domain Monitoring: Track for lookalike domains targeting your brand.
  • Source Code Scanning: Use Unicode-aware scanners to catch homoglyphs in variable names or code.
  • Font-Aware Diffing: Visual comparison tools highlight character swaps in codebases.

Prevention Methods

  • Normalize Input: Standardize Unicode characters to avoid trickery.
  • URL & Email Filtering: Block known homoglyph variants.
  • Security Policies: Apply Sub Resource Integrity (SRI) and strong Content Security Policies (CSP).
  • Use Punycode for IDNs: Makes hidden Unicode characters visible in URLs.

Homoglyph attacks may seem like a small trick, but they’re a favourite weapon of cybercriminals because of their simplicity and effectiveness. One swapped character can be the difference between security and compromise. Combining awareness with the right tools, you can drastically reduce your exposure to homoglyph-based attacks.

Remember: If something looks off, it probably is. In cybersecurity, details matter.

A Breach Happened. Now What? Your Digital Forensics & Incident Response Playbook

The unthinkable just happened: your company’s systems were breached. Confidential data may be exposed, operations disrupted, and customer trust shaken. In that moment, panic is natural, but uncertainty isn’t.

Digital Forensics and Incident Response (DFIR) comes in to investigate the breach, limit damages and prevent similar future incidents from happening.

Part 1: Digital Forensics: Understanding What Happened

Digital forensics focuses on identifying, preserving, and analysing digital evidence to uncover how the breach occurred. It’s less about firefighting, more about root-cause discovery.

The five main stages of a forensic investigation are:

  1. Identification – Determine that an incident has occurred and what evidence may exist.
  2. Preservation – Secure the data in its current state so it isn’t altered or destroyed.
  3. Collection – Gather relevant logs, emails, system images, and other evidence. Everything is labelled, recorded, and organized carefully.
  4. Examination & Analysis – Extract and analyse the data to pinpoint the cause of the breach, such as malware, misconfigurations, or insider threats.
  5. Documentation & Presentation – Summarize findings, explain the breach timeline, and provide recommendations to prevent recurrence.

Part 2: Incident Response – Stopping the Bleed

While digital forensics explains how it happened, incident response (IR) is about stopping attackers in their tracks and restoring business operations.

  1. Preparation – Develop and test an incident response plan. Ensure staff know their roles.
  2. Identification – Detect unusual activity, confirm whether it’s an attack, and escalate appropriately.
  3. Containment – Limit attacker access by isolating systems, restricting permissions, or logging out accounts.
  4. Eradication – Remove malware, wipe infected devices, disable compromised accounts, and eliminate persistence mechanisms.
  5. Recovery – Restore systems, patch vulnerabilities, and return operations to normal.
  6. Lessons Learned – Document the incident, improve policies, and invest in stronger defences

Why Both Matter: DF + IR

Think of forensics as the detective work and incident response as the emergency rescue team. You need both:

  • Forensics tells you what happened and why.
  • Incident response limits damage and restores business continuity.

Together, DFIR ensures your organization can survive an attack, recover quickly, and build resilience against the next one.

A data breach is not the end of the world but how you respond in the hours and days after makes all the difference. Organizations with a mature DFIR process can not only minimize financial and reputational damage but also strengthen their defences.

At TM Systems, we know that breaches don’t wait for the right time. Our team of experts is equipped to analyse incidents, collect and preserve digital evidence, and build safeguards to prevent future breaches.

If you want to ensure your organization is prepared for the unexpected, let’s talk

What is AI in Cybersecurity? How Artificial Intelligence is Shaping Digital Defence.

Artificial Intelligence (AI) is revolutionising every industry, and cybersecurity is no exception. Once dependent solely on human monitoring and rule-based systems, cybersecurity is now augmented by AI’s ability to analyse massive data sets, detect anomalies in real-time, and respond to threats faster than humans ever could.

But AI is an ambivalent tool: while defenders use it to build stronger protections, attackers are also leveraging AI to create more sophisticated and harder-to-detect cyber threats.

Why AI is Crucial for Cybersecurity

The escalating complexity of threats, ransomware, phishing, social engineering, and insider risks has outpaced traditional defences. Organisations face billions of daily events and alerts, making manual analysis impossible.

AI steps in by providing:

  • Cost Reduction – Automating routine security tasks (log analysis, patching, vulnerability scans) reduces manpower costs and cuts down on wasted time from false positives.
  • Improved Scalability – AI can process vast volumes of data across networks, endpoints, and cloud systems simultaneously, catching subtle threats humans miss.
  • Stronger Accuracy – Machine learning continuously improves detection models, reducing false positives and missed attacks.

AI as a Defence Mechanism

AI-powered cybersecurity solutions bring speed, scale, and automation to modern security
operations.

Key Benefits of AI in Cyber Defence:

  • Accelerated Threat Detection – AI scans network traffic and system logs in real time to spot anomalies.
  • Proactive Threat Hunting – Identifies hidden attack patterns across massive datasets.
  • Enhanced Vulnerability Management – Prioritises critical weaknesses for faster patching.
  • Automated Incident Response – Quarantines compromised devices or blocks malicious traffic instantly.
  • Improved User Authentication – Behavioural biometrics powered by AI detect suspicious login attempts.
  • Fraud Detection – Monitors transactions and flags anomalies before financial losses occur.

Example: AI-driven tools have cut response times from hours to minutes, giving defenders a critical edge.

AI as a Threat Vector

Unfortunately, attackers are just as creative in exploiting AI:

  • AI-Powered Phishing – Machine learning crafts hyper-personalised phishing emails that bypass spam filters.
  • Adaptive Malware & Ransomware – Malware that learns how to avoid antivirus detection.
  • Deepfake Attacks – AI-generated voices or videos impersonate executives to authorise fraudulent transfers.
  • AI-Assisted Social Engineering – Attackers mine public data to create highly convincing scams.

Ethical & Future Considerations of AI in Cybersecurity

While AI brings unmatched power to defenders, it raises critical concerns:

Firstly, it might bring biases from all the training data, leading to inaccurate or unfair threat detection.

Secondly, AI decisions are not truly transparent or have a rational explanation.

And finally, privacy risks. AI systems monitor user behaviour, often using hidden or no consent of the user to access their data. This can raise issues with compliance and data protection rules.

The future of AI in cybersecurity lies in responsible, explainable AI tools that provide transparency, fairness, and compliance alongside protection.

Artificial Intelligence has the power to shield organizations by detecting anomalies faster, predicting attacks before they occur, and automating complex defences that once took days or weeks to execute. With AI-driven monitoring and analytics, businesses can stay ahead of threats in real time.

But AI is not just a shield, it can also be a weapon in the wrong hands. Cybercriminals are already using AI to create deepfakes, craft highly targeted phishing campaigns, and design malware that adapts to avoid detection. This means organisations must build resilience not only with AI but also against the malicious use of AI.

At TM Systems, we help businesses harness AI’s defensive strengths while putting safeguards in place to counter AI-driven attacks. In today’s digital battlefield, AI is both our greatest defence and our biggest test.

Why Different Businesses Need Different Types of Websites

Spoiler: Your website is more than just “online real estate.” It’s your growth engine.

Today, where the world is moving digitally, building your website isn’t optional anymore. But most businesses go wrong when they treat all websites like they’re the same.
A local café, a fintech SaaS, a lifestyle coach, and an NGO all need a website, but not the same one. Because not all businesses are built to do the same thing.
So, if businesses are different why build the same type of website?
Why Your Industry Determines Your Website Type?

A website can serve various purposes like selling products, educating users, collecting leads, or hosting communities. Your website’s design, features, and infrastructure should depend on:

  • What your audience needs most (book, learn, buy, contact, apply)
  • What your business sells (services, software, products, experiences)
  • What your industry regulates (compliance, security, user data)

Let’s break it down, industry by industry.

🏥Hospitality (Hotels, Resorts, Travel)

Recommended: Booking-Focused Experience
Why: Guests prioritize fast access, real-time availability, and trust.
Key Features:

  • Online booking engine
  • Room/tour availability calendar
  • High-res image galleries, virtual tours
  • Integrated maps, multi-language support
  • Mobile-first UI + payment gateway

🎓Education (Schools, Colleges, EdTech)

Recommended: Course-Centric Website with LMS
Why: Learners and parents need access to info, applications, and learning tools.
Key Features:

  • Course catalogue with filters
  • Student/parent dashboard
  • Online application forms
  • Integrated Learning Management System (LMS)
  • Events, webinars, virtual open days

🏦Banking

Recommended: Transactional + Informational Portal
Why: Customers expect secure, fast access to accounts, tools, and rates.
Key Features:

  • Secure customer login
  • Real-time updates on interest rates, offers
  • Loan calculators & EMI tools
  • Chatbot integration
  • Compliance & privacy info

💸Finance (Insurance, Wealth, Fintech)

Recommended: Lead-Capture & Tool-Driven Website
Why: Financial decisions require clarity, calculators, and guided journeys.
Key Features:

  • Quote generators & calculators
  • Lead capture forms (KYC-ready)
  • Advisor appointment bookings
  • Blog for financial education
  • Security compliance & certifications

🌱Agriculture (AgTech, Farming Services)

Recommended: Service/Product Catalogue Website
Why: Needs to educate, demonstrate benefits, and simplify rural access.
Key Features:

  • Crop advisory content
  • Product/service directory
  • Farmer testimonials or case studies
  • Mobile-first design (low bandwidth optimized)
  • WhatsApp or regional-language chat

🏅Sports (Clubs, Events, Facilities)

Recommended: Booking + Community Platform
Why: Players, fans, and coaches need schedules, bookings, and updates.
Key Features:

  • Facility booking engine.
  • Event registration & calendar
  • Coach/facility listing
  • Team updates & scoreboards
  • Media gallery & sponsor highlights

⚡Energy & Utilities

Recommended: Enterprise + Stakeholder-Focused Website
Why: Users expect service transparency, sustainability reports, and updates.
Key Features:

  • Tariff calculators & bill payment
  • Outage updates / maintenance alerts
  • Investor relations section
  • ESG & sustainability impact dashboards
  • Service area maps

🧪Chemical & Pharmaceutical

Recommended: Compliance-First Informational Site
Why: Industry mandates secure, scientific, and compliant communication.
Key Features:

  • Product catalogue with safety datasheets
  • Research publications or whitepapers
  • Clinical trial information
  • Regulatory disclosures (FDA, CDSCO, etc.)
  • Partner/Distributor login portals

🧬Life Sciences (Biotech, Healthcare R&D)

Recommended: Research + Investor Communication Site
Why: These companies attract funding, share innovations, and validate credibility.
Key Features:

  • Research pipelines & development stages
  • Investor decks and regulatory updates
  • Leadership team bios
  • Publication repositories
  • Secure partner portals

🏘️Real Estate

Recommended: Listing + Booking/Inquiry Website
Why: Visitors want to browse, shortlist, and contact agents quickly.
Key Features:

  • Property listings with filters
  • 3D walkthroughs or video tours
  • Location maps & Neighbourhood data
  • Lead forms and instant WhatsApp connect.
  • EMI calculator, loan pre-qualification

🛡️Defence & Aerospace

Recommended: Corporate + Stakeholder Engagement Platform
Why: Must demonstrate tech expertise, trust, and procurement readiness.
Key Features:

  • Defence-grade data security
  • Case studies or technology showcase
  • Compliance documents (ISO, defence protocols)
  • Government tenders, contracts, press releases
  • Media and event participation

🚗Automotive (OEMs, Dealerships, EV Startups)

Recommended: Product Showcase + Booking Portal
Why: Modern buyers research, compare, and book test drives online.
Key Features:

  • Model listings with compare tools.
  • Test drive bookings
  • EMI calculator & financing info
  • Dealer locator
  • Virtual car tours / configurators

Having “just a website” isn’t enough. Having the right kind of website, the one that aligns with your business goals, audience expectations, industry needs, and future growth is what will set your business apart from the noise. Build a site that works as hard as you do.

 

 

Cyber Threats During War: Why Geopolitical Conflict Fuels Digital Attacks

In the age of digital infrastructure, wars aren’t just fought with bombs and boots, they’re fought in bytes. Every geopolitical flashpoint triggers a parallel battle in cyberspace. And these attacks are not limited to governments or militaries, they ripple through businesses, public utilities, and civilians alike.

1. Nation-State Cyber Attacks Surge

The first domino to fall in a conflict is usually the firewall. As geopolitical tensions escalate, we’re seeing a significant surge in nation-state cyber-attacks. These aren’t just random acts of hacking; they’re sophisticated, targeted campaigns orchestrated by Advanced Persistent Threat (APT) groups. These highly skilled, often state-sponsored teams work to infiltrate and compromise:

  1. Government institutions
  2. Critical infrastructure
  3. Financial systems
  4. Media outlets

These cyberattacks serve as a powerful prelude to conventional warfare, weakening an adversary from within.
For example, during Russia’s invasion of Ukraine, energy grids, airports, and banking systems were targeted within days, demonstrating the immediate and devastating impact of such digital warfare. These attacks aim to create panic, degrade an adversary’s ability to respond, and create an advantage for the aggressor.

2. Global Malware Spillover

What starts as a regional cyber offensive often spills across borders. During conflicts between two countries, malware is often released and left exposed online, making it available for use by hacktivists in unrelated nations. Malware released in targeted attacks can cause global outages, affecting logistics, pharma, and finance sectors in countries uninvolved in the conflict.
Hacktivists also jump in, flooding networks with DDoS attacks, defacing websites, or breaching systems to make political statements.

3. Supply Chain Disruption

One of the most scalable and insidious forms of cyber warfare is targeting the supply chain. By compromising a single link, adversaries can achieve a widespread impact, affecting numerous downstream clients simultaneously. Conflict zones see a significant increase in attacks on:

  1. Software vendors
  2. Satellite communication providers
  3. Managed IT service providers

These attacks have a devastating multiplier effect: breach one vendor, and you potentially compromise hundreds or thousands of downstream clients. The interconnected nature of modern technology means that a successful supply chain attack can cause cascading failures across industries and national borders.

4. Espionage Through Code

Espionage is no longer about spies in trench coats. It’s about silent infiltration through backdoors and phishing emails. The goal:

  1. Steal military or economic intel
  2. Disrupt command and control
  3. Blackmail political leaders

Cyber espionage increases sharply during pre-war and active conflict periods, especially when diplomacy starts breaking down.

5. Disinformation as a Weapon

Modern warfare relies heavily on information dominance, and in the digital age, this has evolved into sophisticated disinformation campaigns. Cyber units, often state-sponsored, are leveraging vast networks of bots, troll farms, and fake media outlets to wage a psychological war, aiming to:

  1. Spread misinformation
  2. Deepen internal divisions
  3. Undermine public trust in leadership

These campaigns are engineered to be subtle, believable, and viral. They often exploit real -world events, current anxieties, and emotional triggers to maximize their impact.

6. Civilians Become Collateral Damage

From hospitals to railways, civilian infrastructure often becomes either a direct target or collateral damage. Cyberattacks are used to instil fear, disrupt daily life, or even as retaliation.

When digital infrastructure is compromised, it’s not just about data loss, it’s about disrupted lives and disabled critical services.

What Does This Mean for Businesses?

If your organization operates in or around high-conflict regions or relies on vendors that do— your attack surface expands drastically during such times.

Action Points:

  • Upgrade endpoint detection and threat intelligence systems.
  • Audit your vendor ecosystem for vulnerabilities.
  • Conduct real-time risk assessments during political escalations.
  • Train your staff on phishing, disinformation, and social engineering threats.

Prepare not just for what’s visible on the news but what’s brewing behind the scenes, in lines of code, scripts, and zero-day exploits.

The DPDP Act 2023: What Every Business Leader Needs to Know (And Do Now)

Introduction: Welcome to the Age of Data Accountability

The DPDP Act isn’t just another checkbox in your compliance list. It’s a fundamental shift in how businesses are expected to collect, process, and store digital information. Think of it as India’s GDPR, only for digitally collected data.

WHAT IS DPDP- DIGITAL PERSONAL DATA PROTECTION ACT?

“THE DIGITAL PERSONAL DATA PROTECTION ACT, 2023 (NO. 22 OF 2023) [11th August, 2023.]

An Act to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto.”
– MINISTRY OF LAW AND JUSTICE (Legislative Department)

The Digital Personal Data Protection (DPDP) Act, 2023 applies to the processing of digital personal data within the territory of India collected online or collected offline and later digitized.

It is also applicable to processing digital personal data outside the territory of India if it involves providing goods or services to the individuals within the territory of India.

It does not apply to personal data that is made publicly available or is processed by a person
for personal or domestic purposes.

KEY TERMINOLOGIES

“Consent Manager” means a person registered with the Board, who acts as a single point of contact to enable a Data Principal to give, manage, review and withdraw her consent through an accessible, transparent and interoperable platform.

“Data” means a representation of information, facts, concepts, opinions or instructions in a manner suitable for communication, interpretation or processing by human beings or by automated means.

“Data Fiduciary” means any person or company who collects and determines the purpose of personal data.

“Data Principal” means the individual to whom the personal data relates. Such individual is— (i) a child, includes the parents or lawful guardian of such a child; (ii) a person with disability, includes her lawful guardian, acting on their behalf.

“Data Processor” means any person who processes personal data on behalf of a Data Fiduciary.

“Digital personal data” means personal data in digital form.

“Personal data breach” means any unauthorised processing of personal data or accidental disclosure, acquisition, sharing, use, alteration, destruction or loss of access to personal data, that compromises the confidentiality, integrity or availability of personal data.

OBLIGATIONS OF DATA FIDUCIARY

According to this act a person or company (Data Fiduciary) can only use someone’s personal data (Data Principal) if they have the informed consent, follow the instructions as mentioned in this act or have a valid legal reason.

Before collecting data, they must tell the person what and why they’re collecting the data and where to reach out in case of a complaint or query. Consent must be clear, specific, and easy to withdraw.

If someone gave consent before this act was published they must be informed and their data can still be used unless they take it back.

“Data can also be used without consent in certain situations—like for government services, emergencies, or employee safety.”

Companies must protect the data and delete it when it’s no longer needed. In case of a data breach the individual and authorities must be notified; within 72 hours of the breach. If they share or use the data to make decisions about someone, they must ensure it’s accurate.

For minors, under the age of 18, parental or guardian consent is mandatory.

RIGHTS AND DUTIES OF USERS/ INDIVIDUALS (DATA PROCESSORS)

Individuals have the whole right to access their information including how many Data Fiduciaries have their data and a description of it; which also includes the additional information that may be related to the data.

Note: This right does not apply if the data is shared with law-authorised entities for purposes like crime prevention, investigation, or prosecution.

They can request to change, correct, or delete their data unless required for the legal purposes. They may also nominate someone to exercise their rights in case of death or incapacity (due to mental or physical reasons).

PENALTIES

Sl. No. Breach of provisions of this Act or rules made thereunder Penalty Per Breach
1 Not implementing security safeguards to protect personal data. Up to ~ ₹250 Crore
2 Failure to Notify of Data Breach. Up to ~ ₹200 Crore
3 Non-Compliance with Child Data Protection Rules Up to ~ ₹200 Crore
4 Non-Compliance by Significant Data Fiduciaries Up to ~ ₹150 Crore
5 Violation of Individual Duties Up to ~ ₹10,000
6 Breach of Voluntary Undertaking Up to the extent applicable for the breach.
7 Breach of Other Provisions or Rules Up to ~ ₹50 Crore

HOW WE CAN HELP?

At TM System, and we understand the complexity responsibility that comes with managing personal data. Our expertise lies in evaluating your IT infrastructure, data handling practices, and internal protocols to assess whether your organization is compliant with the Digital Personal Data Protection Act,2023.

We analyse how your organization collect, store, process, and secure personal data, and whether your processes align with the required legal obligations. From identifying gaps in your security safeguards to ensuring proper breach notification protocols; we offer a comprehensive compliance check according to your operational reality.

Conclusion:

In a digital-first world, non-compliance is a reputational, financial and operational liability. TM System empowers your business to navigate this compliance minefield with confidence. Partner with us to safeguard your organization, maintain trust with your stakeholders, and stay ahead of evolving regulatory demands.

Check the doc-
https://www.meity.gov.in/static/uploads/2024/06/2bf1f0e9f04e6fb4f8fef35e82c42aa5.pdf

How is Cybersecurity Consulting Beneficial for Small Businesses?

Are you using the correct cyber security measures for your small business? If not, find out why working with a cybersecurity consulting team is crucial for your business’s security.

More than ever, cyber crimes are aggressively rising and no business is protected from these harmful attacks. Businesses must think one step ahead and be prepared for the dangers. One can start by restricting access, updating software and operating systems, building firewalls, and working with an independent cybersecurity consulting agency

Why do you need a cybersecurity consulting firm?

In the digital era, cyber security for businesses is important as the internet is connecting people across the globe. Any cyber attack on your firm can have a serious impact on the industry, resulting in financial losses, reputational damage, and much more. A handful of companies ended up winding up their business because of the losses from cyberattacks.

To keep your company protected and safe from malicious practices, a cyber security consultant helps you in multiple ways. They thoroughly analyze your business, identify the loopholes in your existing system, and provide you with solutions to strengthen security. Further, they help you implement a security system to detect potential threats and build strategies to keep your business secured from future attacks.

Hiring a Security Consulting Firm is a good option to consider as they have the required expertise and can minimize your cost and risk. It is essential to take all necessary steps to protect your business from cybercrime. Some key measures to take include making sure you are up to date on the latest security protocols, regularly checking for suspicious activity, and implementing safety protocols such as two-factor authentication.

Let us see, what are the necessary attributes a consultant must possess to benefit a company? What can they do for you and why is it beneficial?

What are the benefits of a cybersecurity consultant for businesses?

Organizations can gain many advantages from hiring an outside cybersecurity consulting firm, such as improved security measures, up-to-date risk assessment, and increased awareness of cyber threats.

A cybersecurity consultant provides essential services to companies that require them. They can help create a plan of action to protect IT systems, networks, data, and information systems from cyber threats. Companies in a variety of industries use these consultants to save costs that would otherwise go to a full-time IT employee.

Strategic implementation

A cybersecurity consulting firm can create a tailored plan to meet an organization’s needs after assessing its critical assets and identifying potential risks. This plan can involve short-term and long-term goals for security, compliance, and management to ensure the company is prepared for any changes in the future. The firm can provide unbiased advice since they don’t sell any cyber tools or represent any vendors.

Make sure that your data is completely secure and can be restored

Today, businesses are using a range of security measures to protect their organization from attacks, such as firewalls, encryption, antivirus software, password protection, and monitoring. However, one of the most vital steps a business can take to ensure its data is safeguarded is to implement a system of backup and recovery. This involves making copies of data and storing them in a separate location so that in the event of data loss, it can be restored to its original place. This can minimize disruption and allow workers to resume their operations as soon as possible. Cybersecurity firms typically offer backup and recovery services as part of their services, which can be beneficial for businesses of any size.

Reduce the probability of future attacks

A cyber security consultant can help you identify vulnerabilities in your systems, processes, and even human error. They can assess whether your cloud storage is secure; if your encryptions are strong enough; and if data can be intercepted. As cyber security is critical and human error can never be entirely prevented, the consultant can help you mitigate the risks of potential attacks. To reduce the chances of this happening, businesses should consult with a cybersecurity expert who can provide advice and resources to protect against these scams.

Access to new technologies

As cyber-attacks become more and more common place and hackers become increasingly skilled, new security measures are being implemented to better protect businesses from these threats. Unfortunately, these technologies won’t be used if they can’t be utilized. It is a common error for companies to pay little attention to cybersecurity when selecting which technologies to invest in, and this can lead to serious issues later on. Putting resources into the right people, be it a cybersecurity specialist or educating existing staff, is one of the smartest financial decisions you can make. Don’t know where to begin? Working with a managed cybersecurity consultant can help to ensure that you are utilizing the most up-to-date technologies as well as making optimal use of the existing technology.

Cut down on the cost

Cutting down expenses is yet another advantage of using a cybersecurity consultant. A lot of firms make decisions based on their budget. Though bringing on a full-time cybersecurity staff member may seem like the more cost-effective option, it can actually cost the business more in the long run. Besides paying a sizable salary, companies also have to furnish these workers with benefits such as health insurance, pensions, allowances, and much more.
Engaging a third-party cybersecurity consultant can be a great way to save money. Not only do these professionals provide assistance and resources when a company needs it the most, but they also have experts with an extensive understanding of IT. Many cybersecurity consulting companies offer competitive packages and prices, making their services a worthwhile investment.

Educating staff and employees

By employing an external cybersecurity consulting team, your employees will be able to gain knowledge on the latest advancements, how to apply more secure methods in the workplace, and improve their understanding. Once the consultant team has completed their duties, your staff will be able to keep using the tools and safety protocols that were established during the consultation.

Consult with the Cyber Security Consultant

The urgency for companies to shield themselves from malicious cyberattacks has never been greater. To learn how cybersecurity consulting services can benefit a business or have a conversation with a knowledgeable managed IT service provider, reach out to our Cyber Security Consultants

Ransomware Prevention: Best Practices for Protecting Your Business

Ransomware is a complex type of virus that holds data hostage until a ransom is paid. It can be extremely dangerous for businesses because failure to comply can result in the disclosure or permanent loss of sensitive corporate information. If technology advances, so should the cybersecurity policies that protect it. Every individual or business should prioritize ransomware protection. Without it, poorly secured consumers and businesses risk losing sensitive and confidential information.

Ransomware can inflict significant harm to your business and reputation. It’s essential to be proactive with the finest ransomware protection practices before possible threats take advantage. Continue reading the article to learn what ransomware is and what preventive measures you can take to safeguard your business from any attacks or threats.

What is Ransomware

Ransomware is sophisticated malware that can infect a computer and keep sensitive data or personally identifiable information (PII) hostage until a charge, or “ransom,” is paid. To extort money from victims, cybercriminals frequently use an encryption key to restrict data access.

Ransomware attacks can be extremely harmful to businesses, hospitals, and other organizations that rely on such data on a regular basis. Failure to pay the ransom might result in the irreversible loss or disclosure of personal data in most circumstances.

Some of the most common ways for people to become infected with ransomware are as follows:

  1. Phishing emails
  2. Visiting corrupted websites (drive-by downloading)
  3. Downloading infected file extensions or malicious attachments
  4. System and network vulnerabilities
  5. Remote desktop protocol (RDP) attacks

Types of Ransomware:

Individual users as well as large corporations can be affected by ransomware attacks. This sort of malware can encrypt individual files, such as documents or images, as well as entire databases, resulting in massive data breaches or the disclosure of sensitive, personal information. There are 4 categories of ransomware:

  1. Encryption – This is the most common type of ransomware. This type encrypts files and data within a system, rendering the content inaccessible without a decryption key.
  2. Lockers – Lockers lock users out of their system completely, preventing them from accessing files and applications until a ransom is paid.
  3. Scareware – Scareware tries to scare users into purchasing unnecessary software by locking up their computer or, in some cases, flooding the screen with pop-ups that force the user to pay to remove them.
  4. Leakware/Doxware – Leakware threatens to disclose sensitive and confidential information online until the ransom is paid.

There are many ways in which you can protect your business from these malicious ransomware attacks. Follow these guidelines to prevent ransomware and lessen the damage if you are attacked.

  1. Backup your data – If you don’t want to be locked out of your important files and system, the best protection method is to back up your data on a cloud server or an external hard drive. The user has the option of wiping the system clean and reinstalling the backup files in the case of a ransomware attack.
    The 3-2-1 backup rule is also the most effective and widely used method for dealing with ransomware attacks: keep three separate versions of data on two different storage types, with at least one offsite.
  2. Secure your backups – Ransomware will look for backup data and encrypt or delete it, making it unrecoverable, so use backup systems that do not allow direct access to backup files.
  3. Always keep your systems and software updated – Ensure that all of your software—including your operating system, web browser, antivirus, and other software updated to the most recent version. You should make sure everything is upgraded and up to date because malware, viruses, and ransomware are constantly evolving with new variants that can get beyond your outdated security features.
  4. Use the best Antivirus software – The most popular defenses against attacks include ransomware protection software and comprehensive antivirus software. They are able to scan, detect, and respond to online threats. One thing to remember is to configure the firewall because the software only functions internally and can only identify an attack once it has already gotten into the system.
  5. Email Protection – Block malicious executables, spam, and other methods that are known to ransomware. Malware infections are typically spread through email phishing. Avoid clicking on unknown files or links from unauthorized sources.
  6. Limit User Access privileges – Reduce the number of access points via which malware might reach your business by using comprehensive access management to prohibit unauthorized access. By doing this, you can stop ransomware from spreading among the company’s systems.
  7. Separate networks – To stop ransomware from reaching the target data, each department should have its own security measures, firewalls, and exclusive access. Segmented network access will not only stop the threat from spreading to the main network, but it will also give the security team more time to locate, control, and get rid of the threat.
  8. Security Awareness Training – Every employee of a company should receive regular security awareness training so they can protect themselves from social engineering and phishing scams. Having a basic understanding of cybersecurity can strongly impact and even help to stop these attacks.

Effective ransomware preventative measures begin before any attacks take place. Protection against ransomware is important if any unforeseen incident or circumstance takes place and this you can prevent by performing backups of your files, installing powerful antivirus software and firewalls, and taking cybersecurity awareness training.

AWS and Azure: Understanding the Key Differences for Developers & IT Professionals

To know the future of cloud services, you first need to understand the differences between AWS and Azure. Both cloud providers provide powerful and robust infrastructures to help organizations manage

and scale their IT environments. However, they serve different needs and have different business models.

So if you’re looking for software solutions that can adapt easily to both environments, this post will help you decide which cloud service provider is the perfect choice for your business.

AWS and Azure are two of the most popular cloud services in the world. Both have advantages, but they also have some key differences that may affect your choice. This article will explain those differences and how they can impact your business.

1. Simplicity of Use

Both AWS and AZURE are user-friendly, but they also come with a lot of complexities and complications. AWS becomes simpler once you get used to it. The platform gives a lot of flexibility and freedom to the user when it comes to customization and the integration of third-party extensions, so developers and IT professionals will appreciate working with it.

On the contrary, AZURE is easier, especially for those experienced with using the Windows platform. It is less difficult to create hybrid environments, integrate additional servers, and run cloud instances. Users who are familiar with working with technologies like Active Directory and the SQL database will prefer using AZURE.

2. Flexibility

Amazon Web Services and the Azure Cloud platform offer various services that can be used independently or combined to meet your business needs. For example, if you’re a small business looking for a solution that will allow you to scale as you grow, then AWS may be the most suitable solution for you because it offers a host of different cloud services like EC2 (Elastic Compute Cloud) and S3 (Simple Storage Service).

On the other hand, if your company requires more advanced features like automatic scaling and elasticity, then the Azure cloud platform may be the best solution for you because it has many more advanced features such as storage options such as RDS (Relational Database Service), SQL Database, LocalDB, and so on. With these two platforms, there’s no need to choose between one solution over another!

3. Licensing

Customers are not required to deal with license issues while using Azure or AWS. Customers only need to pay for the services they use because both have a pay-as-you-go pricing structure and if they’ve already paid for the service, they’re eligible for license mobility in Microsoft Azure.

Although Azure is simpler for Windows administrators to set up, AWS is more flexible and feature-rich. AWS offers software as a service (SaaS), making it more flexible and generating more revenue than Azure.

4. Security

The security offered by AWS and Azure is very similar (both companies have excellent security features). AWS is doing a great job of choosing secure options and settings by default, ensuring increased privacy. Azure employs Microsoft’s Cloud Defender service for security and data privacy, an AI-powered solution that guards against new and existing threats. By analyzing this, AWS is demonstrably more dependable and secure than Azure’s AI service.

5. Pricing Models

As previously mentioned, AWS and Azure both have pay-as-you-go pricing models and offer affordable pricing schemes for all businesses. Azure is charged per minute, whereas AWS is charged on an hourly basis. AWS pricing is based on use, while Azure pricing has a fixed monthly cost. Therefore, if you often use cloud services, AWS may be a slightly more expensive alternative.

6. Networking

A Virtual Private Cloud (VPC) from Amazon allows users to build private networks inside the cloud, while Azure uses the Virtual Network (VNET) feature. Both of the features allow customers to build isolated networks, subnets, route tables, private IP address ranges, and network gateways.

7. Storage Space

AWS and Azure both provide adequate cloud storage. AWS provides services such as Amazon Basic storage service (S3), elastic block store (EBS), and Glacier, whilst Azure Storage Services provides blob storage, disc storage, and the standard archive but it also gives temporary storage via the D drive and block storage capabilities.

8. Developer Tools

AWS and Azure both offer a wide range of developer tools that can be used to build and run your applications.

AWS offers several tools for creating applications, including the AWS CloudFormation template language and the AWS SDKs for Java, Python, JavaScript, PHP, and Ruby. These tools allow you to create highly customizable infrastructure using declarative templates that specify where resources are located and how they should be configured.

Azure also provides various developer tools that help developers build their applications quickly without writing code themselves. These include Visual Studio Code (VSCode), which allows you to edit code directly within VSCode without downloading additional files or installing additional software on your computer.

Conclusion

When considering which cloud service to use, developers and IT professionals should look beyond price and feature comparisons. They should also analyze the systems, software, and tools’ end-to-end experience, performance, and scalability. With so many services at each company, it’s difficult to benchmark each in a meaningful way across all categories. Instead, we recommend using guides like this one as a starting point for making your decision but remember that the real proof is in how you plan to use AWS or Azure over the long term.

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