Data Must Be Se­cure

The Economic Times - - Companies: Pursuit Of Profit -

Link­ing ev­ery fi­nan­cial mar­ket trans­ac­tion to Aad­haar is sen­si­ble to cre­ate au­dit trails. That, in turn, will help curb tax eva­sion. But data se­cu­rity is vi­tal to guard against frauds in an Aad­haar en­abled pay­ments sys­tem. Aad­haar also has the po­ten­tial to be abused, for ex­am­ple, by us­ing this tag to col­late in­for­ma­tion on a per­son’s fi­nan­cial his­tory. The gov­ern­ment must en­act a pri­vacy law which em­pow­ers cit­i­zens to com­plain and get re­dress if their data are mis­used. Here, In­dia can take a page from the EU.

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