European firms\, banks take outsourced jobs back home fearing data leaks amid Covid-19

Mumbai: Some top European banks and companies that outsource work to their captives or to BPOs in India are either recalling jobs or deferring contracts fearing data leaks as most employees continue to work from home amidst the Covid-19 pandemic.Europe accounts for about 30% of India’s $150 billion outsourcing industry.European companies and banks fear that a data leak in India could end with steep penalties back home in Europe due to strict