without the consent of the individual.
Many banks, financial institutions, investment houses, brokering firms etc. are being victimised and threatened by the cyber terrorists to pay extortion money to keep their sensitive information intact to avoid huge damages. And it’s been reported that many institutions in US, Britain and Europe have secretly paid them to prevent huge meltdown or collapse of confidence among their consumers.
2.2. Emergence Of Information Technology Act, 2000.
In India, the Information Technology Act 2000 was enacted after the United Nation General Assembly Resolution A/RES/51/162, dated the 30th January, 1997 by adopting the Model Law on Electronic Commerce adopted by the United Nations Commission on International Trade Law. This was the first step towards the Law relating to e-commerce at international level to regulate an alternative form of commerce and to give legal status in the area of e-commerce. It was enacted taking into consideration UNICITRAL model of Law on e- commerce 1996.
3. Some Noteworthy Provisions Under The Information Technology Act, 2000.
Sec.43
Damage to Computer system etc.
Compensation for Rupees 1crore.
Sec.66
Hacking (with intent or knowledge)
Fine of 2 lakh rupees, and imprisonment for 3 years.
Sec.67
Publication of obscene material in e-form
Fine of 1 lakh rupees, and imprisonment of 5years, and double conviction on second offence
Sec.68
Not complying with directions of controller
Fine upto 2