Posted by: Editor LNAV | August 23, 2009

Cyber Crimes And Data Thefts Risk Management In India

In an interesting article by Mark A Hofmann, the stress upon the cyber crimes and contravention risks management has been laid down. The massive data thefts underscore the role that risk managers play in information technology security. In the Indian context, the risk managers should prenegotiate rates with cyber forensics firms and techno-legal law firms so the company is prepared in the event of a breach.

The existence of data theft and cyber crime incident certainly gives rise to risk managers looking into what type of insurance protection they have and to double-check the IT practices and procedures in place to protect against this type of incident, says Matt Raffner, senior risk analyst at Walt Disney Co. in Burbank, Calif.

Agrees Praveen Dalal, Managing Partner of Perry4Law and the Leading Techno-Legal Specialist of India*. He opined that the insurance companies exploring and conquering the “unexplored and unconquered insurance base” first, will alone be the lead maker. A successful insurance business venture not only requires the “futuristic prospects determination in present’ but equally requires the “first initiative”. Cyber crime and data thefts cases have increased the demands for insurance covers and techno-legal experts in India.

Although Perry4Law has been stressing upon these issues for the past 5 years, but the time has just ripen for these issues in India. The companies and firms can no longer afford to ignore these compelling requirements.

*Praveen Dalal, Managing Partner of Perry4Law, is the Leading Techno-Legal Specialist of India and is an Internationally renowned Expert in the fields of Cyber Forensics, Cyber Security, Cyber Law, etc. Both him and Perry4Law are “authorities” on techno-legal issues including cyber crime and data theft risk management issues and are internationally renowned in this regard.

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