Cite examples depicting that you were a victim of following cyber crime. Also, cite provisions in IT Act to deal with such a cyber crime. a) Identity theft b) Credit card account theft
Question
Cite examples depicting that you were a victim of following cyber crime. Also, cite provisions in IT Act to deal with such a cyber crime.
a) Identity theft
b) Credit card account theft
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Answer
Examples of Cyber Crime Victimization and IT Act Provisions
a) Identity Theft
Example:Imagine receiving a notification from your bank regarding a newly opened account in your name. You never initiated this, but someone used your personal details to open the account and perform illegal transactions. As a result, your credibility and financial standing are compromised.
IT Act Provisions:
Section 66C: It specifically addresses the issue of identity theft, defining it as fraudulently or dishonestly making use of the electronic signature, password or any other unique identification feature of any other person.
Punishment: Up to 3 years of imprisonment and/or a fine of up to ₹1 lakh.
b) Credit Card Account Theft
Example:Consider discovering unauthorized transactions on your credit card statement. Upon investigation, you realize a cybercriminal gained access to your credit card details and used them for fraudulent purchases, resulting in financial loss for you.
IT Act Provisions:
Section 66: It deals with hacking and similar cyber crimes, stating that if any person, dishonestly or fraudulently, does any act referred to in section 43 (including data theft), they will be liable.
Section 66C & Section 66D: Related to identity theft and impersonation. Using someone else's, or fabricating a false, credit card identity falls under these sections.
Punishment: Up to 3 years of imprisonment and/or a fine. Additionally, for cheating by personation (66D), the punishment is also up to 3 years and/or a fine of up to ₹1 lakh.
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