Cyber Law College Workshop on Implications of ITA 2008 for Bankers

The Workshop on Implications of ITA 2008 for Bankers is supported by the Government of Karnataka, Department of Information Technology; Department of Biotechnology and Science & Technology and 3i Infotech Consumer Services Limited. End Quote

(1888PressRelease) October 23, 2010 - Bangalore - Banking in the Digital Era will no longer be the same as it was last year. The amended Information Technology Act 2008 (ITA 2008) has completely transformed the security scenario in the banking industry and has made every Chairman and independent Director sit up and take notice of the new obligations cast on them.

ITA 2008 has mandated several security aspects, which banks should factor into their compliance programs.

"As non compliance of ITA 2008 could have serious repercussions on the legal risks associated with banking, workshops are necessary to undertake an awareness drive in the industry to study and debate the implications of ITA 2008" says Na.Vijayashankar (Naavi), the founder of www.naavi.org.

Dr N.Vijayaditya, the Controller of Certifying Authorities, which licenses Certifying Authorities in India observes "Digital Signatures have become mandatory for submission of MCA returns and corporate IT returns. Bankers also need to start using digital signatures for conducting their sensitive Internet Banking."

Mr. Ravi Jagannathan, MD & CEO of 3i Infotech Consumer Services Ltd, which is a licensed Certifying Authority (under the name eMudhra) has recently implemented a digital signature based authentication system for one of the prominent banks stated, "Technology changes in recent days have significantly brought down the cost of implementation of digital signatures in banks. Solutions are now also available to make Mobile Banking as secure as Internet Banking with appropriate encryption and authentication."

In order to build awareness about the implications of ITA 2008 on bankers and to set in motion an action agenda for the industry to move towards adequate security in Internet and Mobile Banking, Cyber Law College will be organizing a workshop on October 14, 2010 at Windsor Manor, Bangalore. The program is supported by the Government of Karnataka, Department of Information Technology; Department of Biotechnology and Science & Technology and 3i Infotech Consumer Services Limited. The target audience for this workshop is primarily senior banking professionals and information security professionals. Justice Sri Rajesh Tandon, the presiding officer of Cyber Appellate Tribunal, Delhi will inaugurate the workshop. The Controller of Certifying Authorities, Dr. N Vijayaditya will deliver a key note address. Industry experts including Naavi of Cyber Law College; Rakesh Goyal of Sysman, Mumbai; D.P.Dube of Paladion, Mumbai and others are expected to share their views on how banks can practice "Due Diligence" as envisaged in ITA 2008.

For the benefit of persons wishing to participate in the Workshop, the details are given below:
Venue: Windsor Manor, Bangalore
Date: October 25, 2010
Time: 9.30 am onwards
To register please email: clc4india ( @ ) gmail dot com or kishan ( @ ) mandamus dot in
For further details please visit: http://www.workshop.cyberlawcollege.com.

About Cyber Law College
Cyber Law College is promoted by Na.Vijayashankar, better known as Naavi, the well known Cyber Law Consultant in India. He was the author of the first book on Cyber Laws in India and a pioneer in the spreading of Cyber Law Education in the country.

Cyber Law College is the first dedicated Cyber Law Education Center in India either offline or online reflecting Naavi's path breaking achievements.

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