Introduction
The recent spate of Cyber Crimes in the Country and the arrest of a CEO of an Internet Company in Delhi has hit the Corporate World like a Tsunami. The need for Companies to protect themselves through an appropriate system of “Due Diligence” against crimes that can happen within their domain of influence has now gained paramount importance.
CEOs have realized that Without “Due Diligence”, they are not protecting their Information Assets and are also placing their key executives at risk of being put behind bars.
Companies are therefore scrambling to find out “What is Due Diligence in the context of an Information Asset Owner”.
However, it is not possible to understand what constitutes “Due Diligence” for Information Asset Owners unless we understand what are the Cyber Laws prevalent in India.
CyLawCom is the codification of the “Due Diligence Requirements” of an Information Asset owner and represents the steps to be taken to ensure “Techno-Legal Protection of Information Assets” relative to the current environment in which the assets are maintained.
India was one of the early countries to bring this Information Society under a legal regime with the passage of Information Technology Act 2000 with effect from October 17, 2000. Since then, any document created out of a Computer and in digital form has a special legal significance.
With effect from 6th February 2003, the Negotiable Instruments Act 1881 was amended to incorporate electronic versions of cheques opening the doors for another revolutionary phase of Indian Banking.
Over and above the Information Technology Act and the Negotiable Instruments Amendment Act, there are several aspects of Intellectual Property Laws such as Copyright, Trademarks and Patents that affect the functioning of an Internet Banking Institution.
Indian Information Assets are therefore exposed to several types of Cyber Law Risks which need to be recognized and hedged against.
The CyLawCom workshop will contribute significantly to the building of Cyber Law Awareness amongst the industry professionals and help them recognize the need for designing a Cyber Law Compliance Plan for their organizations. It will also provide an overview of Information Technology Act including use of Digital Signatures and also the effect of Intellectual Property Laws on Virtual Assets.
The programme will be conducted by Naavi, the architect of the CyLawCom concept along with distinguished Cyber Law Experts from different parts of the Country.