What is Loss?
Definition and meaning from the Digital Personal Data Protection Act, 2023
Official Definition
(i) a loss in property or interruption in supply of services, whether temporary or permanent; or (ii) a loss of opportunity to earn remuneration or greater remuneration or to gain a financial advantage otherwise than by way of legitimate remuneration.
Source: The Digital Personal Data Protection Act, 2023 (No. 22 of 2023)
Simple Explanation
Any financial loss or missed opportunity to earn money. When determining penalties, the Board considers whether a data breach caused the affected individuals or the company to suffer a loss.
Related Sections in the DPDP Act
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More Glossary Terms
Appellate TribunalAutomatedBoardCertain Legitimate UsesChairpersonChildConsent ManagerCross-border Data TransferDataData FiduciaryData PrincipalData ProcessorData Protection Impact AssessmentData Protection OfficerDigital OfficeDigital Personal DataGainGrievance RedressalLossMemberNominationNotificationNoticePersonPersonal DataPersonal Data BreachPrescribedProceedingProcessingSheSignificant Data FiduciarySpecified PurposeStateVoluntary Undertaking
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