Internet fraud and transnational organized crime
Assistant professor Nadiia SHULZHENKO1
PhD. student Snizhana ROMASHKIN2
The present research paper describes the most traditional ways of today’s mass -
marketing financia l crimes such as fraud. Digital banking is now used daily for ch ecking
account data, making purchases, paying the bills, transfer money, print statements, etc.
Online fraud is a crime committed with on-line software to unlawfully allocate money from
both bank' and payment systems' account and/or transfer money to another bank account.
Banks are not so much targeted in toda y's world, there's a lot of money in cyberspace, in
modern digital systems and data networks. The main task of this article is to determine the
most common forms of online financial crimes, such as “Hacking” or electronic
transmission unintended for the interceptor, such as passwords, credit card information, or
other types of identity theft. The article discusses the features o f legal regulation and the
activities of the Ukraine to protect citizens form Internet frauds and to avoid Internet
scams, phishing and other cybercrimes in Internet. In this article, we review some
principles of qua litative data collection, analysis, and strategic planning to help scientists,
lawyers, a nd law students interested in conducting research in their practice to continue
their learning in this area.
Keywords: internet frauds, banking frauds, transnational crimes, cyberc rimes,
JEL Classification: K14, K24
The banking system, which operates to ensure price-policy stability,
support for national currency, organization and operation of the international
payment system, is given a special place in the international economy.
One of the important tasks is to protect bank clients and most people with
the use of internet banking systems and credit cards from crimes committed in
This can become a more challenging organized crime issue, as the Internet
continues to be a critical part of our world. And despite widespread awareness of
security problems, offenders can still find more victims and find solutions to
Internet fraud by using online services as well as network-access software
1 Nadiia Shulzhenko - Department of Criminal Law № 1, Yaroslav Mudryi National Law University;
senior research officer of Аcademician V.V. Stashis Scientific Research Institute for the Study of
Crime Problems, National Ukrainian Academy of Law Sciences, Ukraine, firstname.lastname@example.org.
2 Snizhana Romashkin - PhD student of Аcademician Stashis Scientiﬁc Research Institute for the
Study of Crime Problems, National Academy of Law Sciences of Ukraine, Ukraine,