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Information Technology Act and the Rise of Cyber Crimes

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Information Technology Act and the Rise of Cyber Crimes
INFORMATION TECHNOLOGY ACT RATHER THAN GIVING INFORMATION AND TECHNOLOGY, GIVES RISE TO MORE CYBER CRIMES

SUBMITTED BY:
Mehal Dhongade -61
Aditi Mukne -71
Reema Mangtani -63
Divya Shriyan-73
Richard D’Souza -65
Vinaya Saraf -75
Ritu Sharma -67
Hashmit Virdi-77
Reema D’Souza -69
Karan Patel -79

Mumbai Educational Trust
Bandra (West), Mumbai.
PGDM e-Business 2014-16

INDEX

1 Introduction
2 The Information Technology Act 2000
3 The IT Amendments Act 2008
4 Key Terms
5 Role of IT in the Banking Sector
6 NASSCOM
7 Cyber Crimes
8 Statistics
9 Prevention Tips
10 Comparison: India vs. Malaysia
11 Conclusion
12 Webliography

1.INRODUCTION
1.1. OVERVIEW
New communications systems and digital technology have made dramatic changes in way of transacting business. Mid 90’s saw an impetus in globalization and computerisation, with more and more nations computerizing their governance, and e-commerce seeing an enormous growth. Use of computers to create, transmit, and store information is increasing. Computers have many advantages in e-commerce. It is difficult to shift business from paper to electronic form due to 2 legal hurdles:
1) Requirements as to writing,
2) Signature for legal recognition.
The United Nations Commission on International Trade Law (UNCITRAL) adopted the Model Law on e-commerce in 1996. The General Assembly of the United Nations passed a resolution on January 30, 1997, recommending all States in the UN to give favourable considerations to the said Model Law, which provides for recognition to electronic records and according it the same treatment like a paper communication and record.
2. THE IT ACT 2000
2.1. INTRODUCTION
The Information Technology Act 2000 (also known as ITA-2000, or the IT Act) is an Act of the Indian Parliament (No 21 of 2000) notified on October 17, 2001.
This Act aims to provide the legal infrastructure for e-commerce in India. And the cyber laws have a major impact for e-businesses and the new economy in India

The

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