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Unit-3_Cyber Law
Unit-3_Cyber Law
DEPARTMENT OF BCA
SEMESTER 3
CYBER SECURITY
(06010103UE02)
UNIT-3
CYBER LAW
CYBER LAW
• Cyber law addresses legal issues related to the internet, digital transactions,
and cyber crimes.
• The need for cyber law arises from the necessity to regulate and safeguard
digital information, systems, and communication.
Legal and
Privacy and
Ethical Issues
Data
in
Protection
Cyberspace
Need for
Cyber Law Cyber
Protection of
Security and
Intellectual
National
Property
Security
Regulation of Protection
E-commerce Against
and Digital Cyber
Transactions Crimes
CYBER LAW
• Cyber Jurisprudence:
• Cyber jurisprudence refers to the legal theories and philosophies concerning
the regulation and governance of cyberspace.
• It involves the interpretation and application of laws to issues arising in
the digital world.
• Given the borderless nature of the internet, cyber jurisprudence
encompasses both international and national frameworks to address cyber
law effectively.
International
Cyber
Jurisprudence
UN Group of
Governmental
Experts (GGE)
International
Telecommunicatio
n Union (ITU)
CYBER LAW
• Section 34 of the PSS Act states that stock exchange or clearing corporations
set up under stock exchange are not applicable under this Act.
THE PAYMENT AND SETTLEMENT
SYSTEMS ACT, 2007
• According to Section 4 of the PSS Act, only RBI has an authority to operate
or commence any payment system and if any person or system providers
desire to operate or commence a payment system then he has to apply for
authorization from RBI under Section 5 of the Act.
• The Act doesn’t differentiate or discriminate between domestic and foreign
entities. It uses the expression “No Person” under Section 4 of the Act. Thus,
foreign entities are allowed to operate the payment system in India.
• Financial Market Infrastructure refers to Central Securities Depositories
(CSDs), Securities Settlement Systems (SSSs), Central Counter Parties (CCPs),
and Trade Repositories (TRs) as “payment systems” under the Act, to facilitate
the clearing, settlement, and recording of financial transactions.
THE PAYMENT AND SETTLEMENT
SYSTEMS ACT, 2007
• Section 24 of the Act prescribes for the system provider to make provisions
for the creation of a panel to decide the dispute between the system
participants and if any dispute arises between two or more system
participants then they shall refer the matter to the panel.
• If the system participants are not satisfied with the decision of the panel or
the dispute arises between any system participant and system provider then
the dispute shall be referred to the Reserve Bank of India.
• Section 26, 27, 28, 29, 30, and 31 deals with the provisions related to
offences and penalties.
THE PAYMENT AND SETTLEMENT
SYSTEMS ACT, 2007
• Powers of RBI under this act:
• Section 7(3) of the Act, RBI can refuse to grant authorization to the application
by giving a written notice stating the reasons for refusal of the application.
• Section 8 of the Act empowers RBI to revoke the authorization granted by it.
• Section 7 empowers the RBI to collect authorization fees.
• Section 15(3) gives an authority to RBI to disclose any document or information
obtained by it to any person or authority to whom it considers necessary for the
protection of the integrity, effectiveness or security of the payment system, or it is
necessary to disclose in the interest of banking or monetary policy or operation of
payment system or it is in the interest of the general public.
THE PAYMENT AND SETTLEMENT
SYSTEMS ACT, 2007
• Section 14 of the Act empowers the RBI to ensure compliance with the
provisions of the Act. RBI is authorized to conduct an on-site inspection.
• Section 17 and Section 18 of the Act authorizes the RBI to issue directions
to a payment system or system participant to cease or prohibit from
committing any act or omission, or it can direct to perform any act, or it can
also issue directions for smooth function of the payment system.
• For committing any of the offences, RBI is empowered to initiate a
criminal proceeding against the offender.
ORGANIZATIONS DEALING WITH CYBER-
CRIME AND CYBER SECURITY IN INDIA
• Government Bodies:
1. Ministry of Home Affairs (MHA):
• Indian Cyber Crime Coordination Centre (I4C)
2. Ministry of Electronics and Information Technology (MeitY):
• Indian Computer Emergency Response Team (CERT-In)
• Cyber Swachhta Kendra
3. National Security Council Secretariat (NSCS):
• National Critical Information Infrastructure Protection Centre (NCIIPC)
4. Centre for Development of Advanced Computing (C-DAC)
ORGANIZATIONS DEALING WITH CYBER-
CRIME AND CYBER SECURITY IN INDIA
• Private Sector and Industry Associations
1. Data Security Council of India (DSCI)
2. NASSCOM Cyber Security Task Force