Information Security and Its Insurance in the World of High Rise of Cybercrime Through a Model

With the advent of Internet technology and World Wide Web (WWW), the whole world has become a global village. In this globally connected world, information system becomes the unique empire without tangible territory. Cybercrime is any illegal action which performs knowingly or unknowingly to not disturb or disturb the system to get information using technology. Cybercrime is one of the negative results of globalization. No system is fully secured in this global village. It is unrealistic to divide information systems into segments bordered by state boundaries. So it is required to build a legal system for this global village. But till now this type of law does not come into its existence. As we know, India has third largest number of Internet users in the world. This paper is a study of cyber safety in India through modeling and analysis. We also studied cyber-insurance companies in India.