Legal Issues and Challenges Involved in Cyber World Business

The exponential growth of the Internet and online activity raise a number of cyber world business issues and legal questions. The power of the Web to reach the world carries with it a variety of legal issues, often related to intellectual property concerns, copyright, trademark, privacy and security etc., particularly in the context of doing business on the Internet. Authorities seeking to apply their laws in traditional ways or to expand legal control over international links face many challenges due to the global nature of the Internet. Today, there are more questions on cyber law than answers. Also it poses a challenge for technology and the criminal justice system. There is general misunderstanding that the entire Indian cyber law is encapsulated in IT Act2000. Where as IT Act2000 defines and punishes only a few cyber crimes. Therefore, it is necessary to know the relevant aspects of several other laws and their interplay with IT Act which directly or indirectly affect transactions in the cyber world since the cyber crimes such as hacking planting computer viruses and online financial frauds have the potential of shaking economics of the country. This paper provides an overview of the cyber crimes and cyber-legal issues related with IT Act 2000 in INDIA and challenges in eCommerce.