Section 54, 2 The Cyber Security qnd Crine Act 2021

(l) A person or institution which, lieing a computer basedservice provider and or vendor does an act with intent to defraud and by virtue ofhis position as a service provider, forges, illegally uses securitl' codes ofthe consumer with the intent to gain a hnancial and or material advantage or with intent to provide less value for money in his or its services to a consumer commits an offence and upon conviction is liableto a fine not less than Le30,000,000 and not more than Le 50,000,000 or to a term ofimprisonment not less than I year and not exceeding 3 years orto both such fine and imprisonment and in the case ofa corporation, pa:lnership, or association, to a fine not less than Le100,000,000 and not exceeding t e 250.000,000. (2) Where an offence under thisAct commined by a body corporate is proved to have been committed on the instigation or with the connivance of or atkibutable to willful neglect on the pan of a directoq manager, secretaDi or other like officer ofthe body corporate or any officer purporting to act in any such capacity, he, as r,vell as the body corporate, where practicable, shall be deemed to have corrun;tted the offence. (3) Notwithstanding subsection (l), where a body corporate is convicted ofan offence under this Act, which threatens national security the Court may in the case of multiple or repeated Breach of confidence by providers. n No. 7 The Cyber Securily and Crine Act 2021 Employces responsibility offenders, order that the body corporate shall be wound up and all its assets and properties forfeit€d to the state, without prejudice to any Iiability owing from the said body corporate being first satisfied. (4) Nothing contained in this section shall render a person liable to punishment, where he proves that the offence was committed without his knowledge or thathe exercised all due diligeoce to prcvent the commission ofthe offence.