"On a normal day in India, more than 10,000 cyber attacks take place and most of them go unreported. The protected systems have the immunity of the law that if they are hacked, the punishment is ten-year jail term.
"All the systems must be declared protected," Duggal said at a seminar on Cyberlaw and Cyber security challenges for companies in the post-demonetisation era.
Duggal warned the stakeholders and corporates to be more careful in the post-demonetisation era as India was moving towards a cashless economy.
"After demonetisation, the volume of online transactions has gone up. Companies must comply with Indian legislation, i.E. The IT Act or else they will face trouble," he added.
"Non-compliance with norms exposes companies to legal issues, both civil and criminal. These unpleasant consequences could be avoided by ensuring compliances with these evolving norms," Duggal said.