India Now Wants Providers to Report Data Breaches Within 6 Hours - BitcoinEthereumNews.com
India and its cybersecurity nodal agency has directed all ISPs and crypto exchanges to comply with new KYC record-keeping and data breach reporting directives. Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology of the Government of India has stated that all cyber breaches must be reported within six hours of detection. This includes the immediate reporting of rug pulls. With KYC records, exchange providers and custodian wallet providers in India are also required to hold onto those records for at least five years. “Many times during LEA (Law Enforcement Agency) requests and investigations, we have seen cases of non-storage or availability of data and proper records with intermediaries and service providers. These guidelines will streamline the date records to be maintained and proper reporting of katiwasayan incidents to CERT-In,” said Jiten Jain, Voyager Infosec director of digital lab in an interview with Financial Express. CERT-In issues directions relating to information security practices, procedure, prevention, response, and reporting of cyber incidents for safe & trusted Internet India is taking its time with legal crypto framework Since India doesn‘t have an extensive virtual asset framework in place, the response and reporting guidelines for crypto players are currently incorporated into the country’s larger