mumbai a company hikes theprice of its product the information is sent to all its centres across india but after a week it is discovered that two key centres had never got the message because of some mischief done on its computer systems takingadvantage of the price difference at different places clients go on a buying binge as the company loses a nightmarish amount in the bargain hackers bust a multinationals tender info rummaging through its won and lost files company is lefton the lost side as the number of individual andcorporate internet users grows in in dia cyber crime is slowly emergingout of the realm of virus pranks itsnew warty avatars can be muchmore menacing slippery and costaffective leaving rich firms poorerby millions in one lethal byte with 150 million living off theweb in the us and india havinglong crossed the critical five millionmark there is a tearing need forawareness and it governance infra structure in the country says shai lesh haribhakti chairman of the itcommittee of the indian merchantschamber who organised a seminarin this regard on wednesday invol ving the mumbai police a couple ofofficers from the cyber crime cellb mohite and inspector pr za hid were felicitated at the seminarthe people in uniform according toexperts are most crucial in winningthis battle against cyber crime titled information security andrisk management war against cy ber crime the seminar was addres sed by it luminaries like vijay mu khi apart from city police commis sioner mn singh an estimated 70per cent of corporates worldwidehave experienced an it securitybreach in 2000 and the meet aimedat highlighting the strategies to pro tect the most important asset a com pany possesses that of informa tion speaking to the times of india aday before the seminar mr harib hakti who is also a certified fraud in vestigator of the us governmentsaid most companies will have tohave a public key infrastructure fortransactions on digital signature totake off according to him some ofthe salient cyber crimes includehacking viruses denial of service bystealing access and overloading web sites by swamping them with unsoli cited messages or information according to experts at the semi nar the indian it act facilitates theswiftest convictions and prescribethe largest fines the problem theysay lies with implementation advocate harish jagtiani made aplea at the seminar for the creationof virtual courts and online arbitra tion so that justice could be deli vered speedily in it related caseswe should also create a specialfund to educate lawyers and magis trates on technology related issueshe stated mr mukhi said internet today isfar from being secured the pro grammers do not write the propercodes making it easier for people tocommit cyber crimes we need to setour own house in order mr mukhiwho assists the cyber crime cell ofmumbai police in its investigationssaid there should be some sort ofregulation on cyber cafes since it waseasier for anybody to commit a cyber crime from these places mr mukhi said that the cybercrime cell of mumbai police was to alarger extent