Abstract:
No words can better describe the present scenario of technology than the following stated by cosmos (the villain in
the movie “sneaker”). “The world is not run by weapons any more, or energy or money. It is run by ones and zeroes-
little bits of data. It is all electrons. There is a war out - a world war. It is not about who has the most bullets. It is about who controls the
information. What we see and hear, how we work, what we think. It is all about information.” In the developed world, the present generation
cannot imagine a life without computers. The new developments are posing challenges to the fundamental principles of law which worked
well before their advent of this technology. Law has to cope with these new challenges & in the changing scenario, redene the roles of
individuals & groups, the relationships between the entities & intense rights & obligations. The Information Technology Act (hereinafter
referred as 'IT” Act) has given the Indian Penal Code, 1860, a contemporary dimension, by introducing various amendments. “Through these
amendments, the code has been substituted with the words “electronic record & digital signature. This paper is an eye opener to the type of
problems thrown by Information and Communication Revolution (ICR) and the nature of gaps in the existing laws and practices. The IT Act
is just the beginning of a series of innovation laws which must replace the existing legal regime in a number of areas. Global standards on
preventive action and remedial measures are yet to be evolved. Recently, some criminal elements of cyber society reminded the world of
their existence by laying siege to several online IT corporations in the United States. Hacking into s nsitive computer sites fraudulent
manipulation of bank accounts and Credit Cards, peddling of pornographic material, unauthorized access to defense secrets and so on, are
causing great concern today. India should take warning from the hunting hackers and put the legal system on guard
