The Specifics and Patterns of Cybercrime in the Field of Payment Processing - Pages 2021-2030
Boris Sturc, Tatyana Gurova and Sergei Chernov
Published: 26 December 2020
Abstract: In the modern world, cybercrime in the field of payment processing as a phenomenon is developing rapidly. Highly developed, developing and least-developed states become victims of cyberattacks. The purpose of this study is to analyze the experience of the international community and a number of states in combating cybercrime in the field of payment processing. International and regional (on the example of the Council of Europe) legal regulation of the fight against this type of crime were analyzed. The data on the size of losses caused by cybercrime to the world economy are analyzed according to the latest report from the Center for Strategic and International Studies for 2018, the World Economic Forum for 2019, DLA Piper GDPR for the period January-April 2020. Besides, using the example of the Russian Federation, quantitative indicators of the growth of cybercrime and the level of its detection for the period from 2018 to April 2020 were investigated. Comparison of the experience of individual states and its analysis made it possible to single out the best possible measures to counter cybercrime in the field of financial processing. The necessity of interstate cooperation to counter cybercrime in the field of payment processing is indicated. However, due to the presence of significant differences in the legal systems of all states, it is proposed to interact within the framework of regional communities with gradual transfer to international interaction. The priority is given to precisely preventive measures to counter cybercrime in the field of payment processing.
Keywords: Cybercrime, cybersecurity, Internet technologies, payment processing, preventive measures against cybercrime.