How efficient is the Indian cyber law in handling internet fraud?
Karnika Seth: Although the Indian cyber law is to some extent very competitive. However there is a need to amend the Information Technology Act (ITA), 2000. ITA-2000 is versatile enough to accommodate the aspects of crime. Under ITA-2000 the offense is recognized both under Section 66 and Section 43. Accordingly, the persons involved are liable for imprisonment and fine as well as a liability to pay damage to the victims to the maximum extent of Rs 1 crore per victim for which the “Adjudication Process” can be invoked. The punishment for cyber crime is somewhere around three years to seven years depending upon the offense. How can one avoid online banking fraud? Karnika Seth: In this age and time, we need internet banking and other internet services, yet it needs to be full-proof which is however very difficult. Technically we are trying a lot to do away with these short comings. One should be competitive enough at the technological front like we have RSH feed for security. These crime
