Q5 - Are SDFs subject to stricter penalties compared to ordinary Data Fiduciaries?
Answer
The maximum penalty under the Act (₹250 crore) applies to all Fiduciaries, but in practice:
- SDFs face stricter scrutiny because their failures usually affect millions of individuals.
- Penalties for SDFs are likely to be higher in scale compared to smaller entities, since the risks and harms caused are much greater.
- SDFs are also more frequently audited, making it harder for them to escape accountability.
Example
If a small retailer mishandles 500 customer emails, the Board may impose a warning or a modest fine.
If a national bank (SDF) leaks millions of customers’ Aadhaar and PAN details, the Board could impose penalties at the top end of the scale (₹200–250 crore).