Submitted Assignment from the year 2016 in the subject Business economics – Banking, Stock Exchanges, Insurance, Accounting, grade: 68.00, School of Oriental and African Studies, University of London (CEFIMS), course: Law and Regulation of Electronic Finance & Internet Banking, language: English, abstract: As a constant flourishing place of information, the Internet has unfortunately brought fraudulent activities such as hacking data or illegal transactions, etc. Security risks continue to be challenges for regulators, industry, and jurisdictions.