HSBC case is an eye opener
The recent HSBC case has once again highlighted the various loopholes and drawbacks in the existing system impacting the outsourcing sector. Time and again, various cases have been happening like the Karan Bahree and the Mphasis incidents that have demonstrated the utter inadequacy of existing cyberlaws to deal with data theft-related cases. A perusal of the entire scheme of the Information Technology Act, 2000 clearly shows that the IT Act is not a data protection law. It is merely an e-commerce enabling law, which also addresses a couple of other issues.
Related articles
- Former MI5 chief Jonathan Evans joins HSBC main board (sott.net)
- Microsoft and FBI Take Down Global Cyber Crime Ring (mashable.com)
- Cyber crime ‘costs small companies £800m a year’ (telegraph.co.uk)
- Experts Say More Research Needed to Foil Cyber Criminals (voanews.com)
- Cyber crime increases in Cyber city (msgurgaon.wordpress.com)
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