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Synopsis Cyber crime is the most recent type of crime, which affects many people. This is the biggest challenge for police, prosecutors and lawmakers. If we do not wake up now, we would be more spectators in cyber world. The criminal provisions deal with offences such as tampering with source code, hacking into computer systems, publishing of obscene information and misuse of licenses and digital signature etc. Government efforts being made in India and abroad to stop such crimes, and looks closely on their success and failure. Cyber laws are those laws, which have been adapted or reinterpreted to govern or apply to transactions or interactions in cyber space. Cyber laws cover these special enactments, which are specially designed to govern or apply to cyber space for example, the Electronic Commerce Act on the Uniform Computer, Information Transaction Act and the Uniform Electronics Transaction Act recently approved in the US for adoption by the various US states. We need to learn from the experiences in other countries and to examine how our current contract laws could be applied to such contracts. The Information Technology Act 2000, is being implemented in India. Times have changed and we live in a digital age in which crimes transported over the same networks and to use integrated devices to overcome it. Just as overdose of regulation could halt the growth of technology just as the lack of clear and consistent Law hinder progress. Thus a fine balance to be achieved between the two with due care and consideration.