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


Fishing as a Cybercrime in the Internet Banking System: Economic and Legal Aspects

Author(s): Oleksandr Ilchenko, Volodymyr Chumak, Serhii Kuzmenko, Oleksandr Shelukhin, Artem Dobrovinskyi

The paper describes the concept of phishing as one of the types of cybercrime in the field of Internet fraud. The author identifies the features of phishing and its main purpose. When investigating the essence of phishing as a cybercrime, attention was paid to the main methods of its implementation. The legal and regulatory framework was determined, in relation ot which international regulation and counteraction to negative phenomena of cybercrime, including phishing, is carried out. Particular attention is paid to the issue of determination of responsibility for commitment of cybercrimes, among which phishing is not an exception, at the legislation level in different countries of world. Significant obstacles in the field of full implementation of Internet banking were characterized. The importance of counteracting fraud in the system of economic safety of the bank, including phishing, was established.

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