Centre to curb unauthorised use of PAN details by tech companies
government prepares to notify the Digital Private Data Protection Act, 2023 (DPDP), law enforcement authorities are cracking down on almost every unauthorised use of personally identifiable information (PII) by technology companies.
In one of the latest moves, the Union home ministry through the Indian Cybercrime Coordination Centre (I4C) has asked to shut down any unauthorised use of Pan (Permanent Account Number) of Indian citizens by fintechs and other consumer technology companies, according to three people in the know.
“This was known as a ‘Pan enrichment’ service, which would help loan distribution companies create a profile of their customers against their Pan numbers, for cross sell of credit and other financial products,” said a top executive at a fintech firm on the condition of anonymity. “Sometimes this data was also used to cross check the details put in by the customer in his or her application form,” he added.
These services have been facing disruptions for the past few weeks as most of these unauthorised services are being shut down after government intervention, ET has learnt.
Emailed queries to I4C and the Income Tax department went unanswered till press time.
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