India, the youngest and one of the leading IT sector-based countries, tops the list among the counties facing cyberattacks since the pandemic. Around 68 per cent of the companies in India have faced some form of a cyberattack or the other since the beginning of the pandemic. Further, 1.1 million Cyber- Attacks were reported in India in 2020. As per the reports, 50,000 cyber-crimes were reported in 2020 of which nearly 100 are reported as data theft. Financial and Banking data breaches are regarded as one of the sensitive data breaches. In 2020 alone, nearly 4000 cases of financial data breach or banking fraud were reported. The Supreme court of India in its landmark judgement proclaimed that “The Right to Privacy” is a fundamental right guaranteed by the Indian constitution. India, one of the demographically youngest nations with the fastest-growing number of Unicorns with over billion-dollar valuation, world leader of IT tech organisations, it is Indeed time for Indian firms to take Data privacy seriously.