International Institute of InfoTech Law to be launched on 2nd June 2006

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Cyber Law College to start offline course in Chennai

 

Non Compliance of Regulations Hit Banks

Regulatory Non Compliance is a "Risk" that if not covered could lead to a financial liability. Some of these Non Compliance requirements that often arise out of operating in the Cyber Environment leads to what is referred to as "Cyber Law Non Compliance Risk". Users however have a tendency to ignore these risks since evaluation of any investment in providing the necessary "Techno Legal Cyber Security Backup" is often hindered by an insufficient Return on Investment arguments. The recent slapping of fines by RBI on Banks in the case of IPO scam is an indication of how "Losses arising due to Non Compliance of Regulations" could lead to liabilities. The ROI on Techno Legal Cyber Security investments need to be evaluated against the probability of such liabilities over a reasonable foreseeable future of the organization. Naavi.org has been advocating a "CyLawCom" programme for organizations including Banks to ensure mitigation of such risks. It is time Banks take a fresh look at the suggestions to incorporate "CyLawCom" as a part of their business strategy.  More Details on CyLawCom is available at www.cylawcom.org. Article on IPO Scam in ET

DMCA Bites...

Digital Millennium Copyright Act (DMCA) has been a landmark legislation in USA to protect copyright in digital products. It could well be the guiding force for similar legislation in India where an "Optical Disk Protection Act" is being considered. It is therefore necessary to take note some of the  developments in USA where DMCA has been applied in an aggressive manner and often infuriated the common public. The shutting down of the Napster peer to peer file sharing service is a thing of the past. The arrest of Dmitry Sklyrov the Russian programmer of Elcomsoft is also some thing which pitch forked the DMCA into global attention.

Now two incidents in USA have brought the focus back on DMCA....More

Kaazaa Case Back in Court

The case of music file sharing is again under the scan of courts in Australia. un.  The Kazaa file-sharing service  allows users to trade files such as MP3 and movie files and last September Sharman was found guilty in the Federal Court of encouraging users to infringe copyright on the network. An appeal against this ruling has now begun. Details at smh.com

Why Net Banking in India is a Huge Risk

Indian Banks who are ignoring the prevalent laws in the country and allowing customer transactions soley on the basis of password authentication are in for a shake up with the new generation hackers who find it more convenient to just follow the coat-tailing strategy to rob the customers. Under this strategy the robber does not try to steal the password and enter when the customer is away. They simply slip into an open session and simply put through their own transactions to move out the funds while the customer is doing something else. This is exactly the kind of fraud which should be covered by the use of digital signature authentication of customer instructions which Banks are conveniently ignoring. Related Report in News.com