Technologies have always played a significant role in the development of human civilization. The contemporary information and communication technologies are also expected to play a similar role. These technologies facilitate of connectivity and cost-effectiveness are such characteristics of ICTs that help individual raise its political, economic and social capabilities. However, ICTs also pose certain threats to the socio-economic life of individuals. The individual seems threatened by loss of privacy, become prey to techaddiction, and suffer from piracy issues. The very nature of ICTs makes these issues global in character, demanding fresh legislation equally global in nature. This article explicates this issue at length by juxtaposing the research findings from the existing research and comes up with a theoretical model for better understanding.