Challenges for regulating financial fraud in cyberspace

Abstract

Purpose This paper seeks to examine the problem of cyber fraud, a situation created by online financial transactions. Design/methodology/approach Examines the challenges to regulating financial fraud in cyberspace, e.g. those responsible for the fraud; the possibility of prosecution; and the position of cyberspace in the light of jurisdiction and control. Findings Finds that the introduction of internet specific regulation would be useful in combating cyberspace fraud. Originality/value This paper arguably breaks new ground in recommending measures to combat financial fraud in cyberspace.