Data Theft cases in India are multiplying day by day and as a result, it is significant for many businesses, to keep their data away from such breaches or it can lead to a disaster. Beyond the immediate financial impact of fraudulent order placements and bank transfers, the loss of customer faith is a major factor to cripple down a business’ operations.

What is the meaning of Data Theft?

Data Theft is the act of pilfering information, stored on computers, servers, or other devices from an unknown victim with the intent to compromise privacy or to obtain any tip. Data Theft is a thriving problem for individual computer users also as large corporations and organizations. Data Theft befalls both outside and inside companies, and reducing the danger of insider data theft at the company level is anything but easy. 

The term 'Data Theft' can give the impression that this type of breach is based upon contemptuous intent, but this is often not the case always. Data Theft could also be an unintentional act. An employee may, for instance, take-home information on an unsecured flash drive or retain access to the knowledge after their contract has ended.

What are the common Cyber Crimes committed through Data Theft?

1. Ransomware claims by Attackers: Organizations can have their information held hostage by cyber-criminals, and paying to urge it back. 
2. Steep reclamation of costs: Data recovery can vary in cost counting on the system originally won't store a backup, and patching systems after a breach can send that bill even higher.
3. Reputational damage leads to Customer attrition: Existing customers can leave within the event of knowledge theft, and it is often hard for brands with a history of breaches to draw in revenue for new business.
4. Lawsuits from customers whose data was exposed: Within the event that data was manhandled, companies are left hospitable the likelihood of action from affected users.
5. Abeyance while data is recovered: Data theft may result in companies being unable to use their existing systems while the breach is corrected, and a loss of employee productivity can hit organizations real hard which is equivalent to theft.
6. Fines from Regulatory bodies: Counting on the industry, any organization can face steep financial repercussions for failing to satisfy security mandates.

How can Online Legal India™ help you?

With much data theft companies got to protect themselves from information loss and exploitation. We have a team of the legal concierge who would resolve your issue as well as file a Consumer Complaint against Cyber Crime on Data Theft and would work on it until your contentment. One can also take active services like taking Legal Advice or issuing a Legal Notice for Cyber Crime with facts proves and statements. Our learned legal advocate team will help you draft one legal notice and send across to the accused party.