Idfy Launches New Suite For Helping Businesses Follow India’s New Data Protection Law
Idfy, a leading fraud detection start-up, released a new set of tools designed to enable enterprises to comply with the new Digital Personal Data Protection Act of India.
The DPDP Act is India’s cornerstone law on protection against the unauthorized use and processing of an individual’s personal data.
Consent Management: This tool provides transparency and efficiency in gaining user consent for businesses. It makes consent easier to record and access or revoke by the user whenever required.
Reducing Legal Risks: Compliance with DPDP Act would save the companies from heavy fines and legal consequences in case of data breaches or non-compliance.
The industry has reacted positively to Idfy’s suite of offerings. According to experts, such tools are a must if the companies have to have a seamless transition to the new environment.