Showing posts with label CYBER DUE DILIGENCE IN INDIA. Show all posts
Showing posts with label CYBER DUE DILIGENCE IN INDIA. Show all posts

Friday, 29 April 2011

Cyber Law Skill Development In India By PTLB

In this guest column, Perry4Law Techno Legal Base (PTLB) has shared the details about its cyber law skill development initiatives. Cyber law skill development in India has still to pick pace. Cyber law skill development is also necessary these days due to growing regulatory demands for cyber due diligence. The cyber law skill development initiatives of PTLB can help all the stakeholders to meet various regulatory compliances and due diligence requirements. Read for further details and procedure to enroll for the same.

Cyber Law of India is incorporated in the Indian Information Technology Act, 2000 (IT Act 2000). It has been amended through the Information Technology Amendment Act, 2008 (IT Act, 2008). With this amendment, Cyber Law of India has become more onerous and complicated.

Stakeholders like Police, Lawyers, Judges, Corporate Executives, etc must be well aware of the Cyber Law of India. They require good and qualitative Cyber law Training and Skill Development in India. At Perry4Law and PTLB we ensure world class Techno Legal Trainings and Cyber Law Skill Development. Besides, Skill Development for other Technology Laws is also taken care of by Perry4Law and PTLB.

Perry4Law and PTLB are also in the process of writing the first and exclusive techno legal Cyber Crime Investigation Manual of India. The manual is in the final phase of preparation and it may be available to Governmental Departments and General Public after few months. The Manual is a “Must Have Guide” for Law Enforcement Agencies, Intelligence Agencies, Government Departments, Home Ministry of India, etc. In short, it would greatly help in enhancing the Cyber Crime Investigation Capabilities in India.

Cyber Due Diligence in India also requires good knowledge of Cyber Law of India. There are many Due Diligence Requirements under the Cyber Law of India that various stakeholders have to comply. Another area that requires Cyber Law Skill Development is the requirement for Cyber Due Diligence for Banks in India. In fact, to ensure proper cyber security of banking transactions and to comply with the IT Act 2000 cyber due diligence requirements, all banks now would have to create a position of Chief Information Officers (CIOs) as well as Steering Committees on Information Security at the board level at the earliest.

This is the recent direction of Reserve Bank of India (RBI) that all banks must comply with. At PTLB we provided Cyber Law Trainings to prospective CIOs and Steering Committee Members. The best part is that PTLB is the exclusive Techno Legal Online Skill Development Initiative of India and world wide. In short, the Cyber Law Skill Development in India is a major career area that must be taken seriously.

Application form for the enrollment to various Skill Development Courses, Internships and Trainings of PTLB can be downloaded from here and more details about the courses of PTLB can be found here. For all those who wish to have partnership or collaboration with PTLB, they can contact us with their detailed proposals covering the terms and conditions in details.

Thursday, 10 March 2011

Cyber Due Diligence Requirements In India

Cyber due diligence in India has emerged as an essential regulatory requirement. The information technology act 2000 (IT Act 2000) originally carried provisions regarding cyber due diligence but they were not as stringent as they are now.

With the passing of the information technology amendment act 2008 (IT Act 2008) things have changed dramatically. Now the cyber law of India has made cyber due diligence even more stringent.

Further, the ministry of communication and information technology (MCIT) has also framed certain rules that go even further in mandating extreme cyber due diligence requirements by intermediaries in India.

Under the IT Act 2000 “Intermediary” are required to observe “Due Diligence” to escape liabilities arising out of third party acts or omissions, informs Praveen Dalal, a Supreme Court lawyers and leading techno legal expert of India. The scope, definition and ambit of Due Diligence is very wide under the IT Act, 2000 and stakeholders must be wary of the requirements of Indian Cyber Law, suggests Dalal.

Another aspect that is closely related to cyber due diligence pertains to e-discovery. For instance, e-discovery for due diligence by banks is imperative in today’s banking environment in India.

In fact, to ensure proper cyber security of banking transactions and to comply with the IT Act 2000cyber due diligence requirements, all banks now would have to create a position of chief information officers (CIOs) as well as steering committees on information security at the board level at the earliest.

Since the cyber due diligence is new in India, there is no ready made reference material available for it. Perry4Law Techno Legal Base (PTLB) and Perry4Law are in the process of writing the first and exclusive techno legal cyber crime investigation manual of India. The manual is in the final phase of preparation and it may be available to governmental departments and general public after few months. The manual also cover cyber due diligence requirements to be followed by stakeholders in India, especially by intermediaries.

Cyber due diligence must be perceived as an essential business requirement than a regulatory requirement. Many frauds and crimes can be prevented if proper cyber due diligence is at place.