Question

Angel Life Insurance Corporation suffers a security breach in its computer network by one of its employees. Before the company discovers the breach, the perpetrator obtains corporate financial records and other confidential data, including a list of its insured's names, addresses, social security numbers, and dates of birth. Is this a crime? If so, what are its elements? What statutes might you reference have been violated, if any? Does it matter whether the employee profited or benefitted from the information obtained, or whether it was transferred to a third person?

Answer 1

Yes, it is crime. The element is to intimidate and blackmail employer. Stealing of data is cyber crime under Data Protection Act, Additions to the IT Act in 2008 protect against identity theft (S. 66C), He thefted data of employee, though he violated Data Protection Act under Section 55 also violated Theft Protection Act (S 1408). Offcourse it matters whether the employee profited or benefitted from the information obtained, or whether it was transferred to a third person because it is cyber crime which is against Law and acts which is mentioned above. It is threat for them who's data has been stolen. Also stolen data can harm and damange to employees who's data has been stolen.