Internet fraud and transnational organized crime

• Author: Nadiia Shulzhenko, Snizhana Romashkin
• Position: Department of Criminal Law Neil, Yaroslav Mudryi National Law University; senior research officer of academician V.V. Stashis Scientific Research Institute for the Study of Crime Problems, National Ukrainian Academy of Law Sciences, Ukraine/PhD student of academician Stashis Scientific Research Institute for the Study of Crime Problems, ...
• Pages: 162-172

Internet fraud and transnational organized crime

Assistant professor Nadiia SHULZHENKO1

PhD. student Snizhana ROMASHKIN2

Abstract

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,

phishing.

JEL Classification: K14, K24

1. Introduction

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

banking areas.

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

applications.

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, nevidoma_n@ukr.net.

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,

snizhana.romashkin@gmail.com.