CS Professional · Banking and Insurance - Laws and Practice · Digital Banking
Sunrise Cooperative Bank in Pune is called upon by a Central Government-authorised agency to provide technical assistance and online access to a computer resource that stores traffic data, for cyber security monitoring. The bank's CTO knowingly refuses to extend the facilities. Under Section 69B of the IT Act, 2000 as currently in force, what is the maximum consequence for an intermediary who intentionally or knowingly contravenes this duty?
An intermediary who intentionally or knowingly refuses to give technical assistance to an authorised agency under Section 69B faces imprisonment up to one year or a fine up to one crore rupees, or both, following the 2023 amendment replacing the earlier three-year plus fine provision.
- AImprisonment up to three years and also a compulsory fine
- BImprisonment up to one year or a fine up to one crore rupees, or bothCorrect
- COnly a fine up to one lakh rupees, with no imprisonment
- DImprisonment for life
Explanation
Section 69B(4), as substituted by Act 18 of 2023, provides imprisonment up to one year or fine up to one crore rupees, or both. The earlier text of three years' imprisonment and compulsory fine has been replaced, so option A is outdated. Life imprisonment relates to cyber terrorism, not this default.
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