Ransom Ware Corporate Governance, and the Law A Case for Reclassification Under PECA 2016
DOI:
https://doi.org/10.59022/IRSHAD-iijcl.11Keywords:
Pakistan, Ransom Ware, Corporate Risk, Cyber Law, Fiduciary Duty, PECA 2016, Case LawAbstract
Ransom ware has evolved from an individual cybercrime into a significant corporate governance risk. This research examines how legal systems should reclassify ransom ware within corporate risk frameworks. It focuses specifically on Pakistan's Prevention of Electronic Crimes Act, 2016 and proposed amendments. The study aims to analyze fiduciary duty, board accountability, and mandatory incident reporting obligations. It uses a qualitative research design, applying doctrinal analysis and document analysis throughout. Data was drawn from scholarly literature, official legal texts, and recent policy publications. Findings show that current laws inadequately address corporate-level ransom ware liability and reporting gaps. Boards often lack clear guidance for meeting cyber security governance responsibilities under existing law. The research recommends institutional reform, phased implementation, and clearer statutory definitions for ransom ware. It also suggests balancing corporate obligations with fundamental digital rights protections carefully. These findings support treating ransom ware as a governance priority requiring coordinated legal reform. The study concludes that modernizing corporate cyber law strengthens accountability and national resilience together
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