IMPACT OF CYBER LAW IN MODERN ERA WITH ADVANCEMENT IN TECHNOLOGY AND PROTECTION FROM RISING THREATS OF CYBER CRIMES IN OUR SOCIO ECONOMIC SECTOR

Cyber space industry has made massive profit during this pandemic with everything going online along with the electronic industry in India , Today , Asia has the maximum population playing video gamers, the gaming industry is earning in billions , digital education , digital economy , work from home everything went online over night , which gave rise to cyber crime cases in India . India data is vulnerable and there is no cyber law which talks about privacy , more than 50% of the population lost their sensitive information online , there was cases of online job frauds and debit and credit fraud . The cyber law in India requires reform where phishing and cyber warfare are given legal protection in India , DATA protection , privacy and spamming requires legal attention . Banks are sensitive to cyber criminal because of the poor cyber security system and not so strong cyber laws which has affected the economy , people have lost many in lacs in these months , The cases of risen in 2020 to 2021 . India also needs to upgrade its cyber security policy and bring in professional in this field.