Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)


Anti-Fraud Technologies in E-Banking

Author(s): Daria Kibets, Olena Lepei, Oleksii Prokopenko, Alina Chorna, Mykola Shelukhin

The article outniles the advantages of electronic banking and possible negative phenomena (risks) that may arise in the process of using banking services. Particular attention was paid to the causes of fraud in the functioning of electronic banking, as well as the objects of encroachments of fraudsters in this area. The legal basis for resolving the issues of combating fraud in the field of electronic banking with regard to international standards, namely the experience of the European Union, was studied. The objectives of an effective fight against fraud in the banking sector were disclosed, taking into account the provisions of the Directive of the European Parliament and of the Council On combating fraud and counterfeiting of non-cash means of payment and replacing Council Framework Decision 2001/413/JHA, 2017. Attention was paid to the settlement of issues of combating fraud in the field of banking services in Ukraine, in particular, attention was focused on the activities of the EMA Association, as the national representative of Ukraine in EAST - European Association for Secure Transactions. The problematic aspects of the return of funds lost by a client of the bank from fraud on the part of third parties were identified.

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