Entire Credit Score Outsourced To A Private Entity': Amicus To Supreme Court In Plea Alleging Data Privacy Violation By Foreign Companies

The Supreme Court is considering a plea alleging data privacy violations by foreign credit information companies (CICs) in India. The plea challenges the outsourcing of credit scoring functions to foreign entities without adequate safeguards for personal data protection. The petition raises concerns about the security and privacy of sensitive financial data being handled by foreign CICs and the potential risks posed to Indian citizens' privacy rights. An amicus curiae, supporting the plea, highlighted that the outsourcing model could lead to violations of data privacy laws, urging the court to address the issue and set appropriate guidelines for data handling by foreign credit agencies.