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.

Citation

Fletcher, N. (2007), "Challenges for regulating financial fraud in cyberspace", Journal of Financial Crime, Vol. 14 No. 2, pp. 190-207. https://doi.org/10.1108/13590790710742672