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February' 05

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Cyberspace Sovereignty and Jurisdiction
Cyber Terrorism and its Solutions: An Indian Perspective
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Digital Deception: The Undue Influence Enhancement in the Sentencing of Cyber-Predators Caught in Online Sting Operations

- - MacKenzie Fillow

The article reveals how easy it is to meet and mislead children through and on Internet. It is interesting to note through a survey that nearly 27 million children between 2 and 17 used Internet from home during September 2003. When cyber-predators were caught through online sting operations and found guilty of statutory violations (prohibiting persuading or attempting to persuade a minor to engage in criminal sexual activity) the judges of US had to look into the details of Section 2A3.2 of "Criminal Sexual Abuse of a minor under the age of 16 years or attempts to commit such acts" for obtaining sentencing guidelines. The article focuses on the ambiguities in Section 2A3.2 and concludes that digital deception by law enforcement combined with severe punishment of cyber-predators provides a better and greater protection to children.

Cyberspace Sovereignty and Jurisdiction

- - Georgios I Zekos

Cyberspace is not merely used for operation of computers but it is also used as a medium to carry out virtual transactions by personnel who work with computers. Unlike the physical world, to understand cyberspace we should take the physical characteristics of the real world and map them from a concrete to an abstract virtual world. The disputes arising out of cyberspace jurisdiction are typical in nature. Understanding the topography is very much abstract as it is difficult to define the overtaking in cyberspace and overriding principles throw us in a state of imbroglio. The need of the hour is to have cyber arbitral tribunals with jurisdiction to resolve all activities that are being carried out on the Net and the enforcement of awards and e-awards should be made through international conventions. It may be mentioned here that cyberspace sovereignty is the force through which cyber society exercises its law-making force, which is not specifically connecting a specific State sovereignty but is connected to cyberspace as a whole. Real world disputes are solved by people in the real world itself but virtual world disputes need an entirely different approach as there are variety of factors that justify the jurisdiction for electronic transactions. There is a need for legislation defining cyberspace jurisdiction to address solutions to cyber grievances.

Article Price : Rs.50

Role and Security of Payment Systems in an Electronic Age

-- Mark Fajfar

There is growing recognition of the newer and wider possibilities that technology presents before the society in modern times. Information Technology together with communication technologies has brought about unprecedented changes in the way people communicate, conduct business, pleasure and social interaction. One of the silent revolutions in the electronic field is payment systems and these systems are moving from paper towards 'real-time' which means that payments are settled or cleared not only in few days but 24 hours a day. Where there are benefits, the other side of the coin is also being taken care of, which means that disadvantages also mount in the form of money laundering and illegal activities. One should not forget that the easier the transactions, the more risk a customer faces as it is nearly impossible to know the identity of the persons initiating the transactions. Ultimately, it is for the common man to understand how difficult it is to balance the difficulties in electronic payment systems without proper identification and without proper legislation it would be more difficult to entertain payment transactions the electronic way.

Cyber Terrorism and its Solutions: An Indian Perspective

- - Praveen Dalal

The aim of this article is to analyze the adverse impact of "Cyber Terrorism" on the national interest of India. Cyber terrorism is a catastrophic phenomenon that has not yet attracted the attention of the Indian Legislature. The law for Cyber Terrorism is not sufficient and this problem can be tackled either by making a separate law or by making suitable amendments in the already existing Information Technology Act, 2000. In the absence of the political and legislative will to fill in this lacuna, the judiciary has to play a proactive role and construe the provisions of existing laws, particularly those of the Constitution of India, in a liberal and purposive manner.

Article Price : Rs.50

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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