evaluation of the cyber legislations on trading in the global cyber village

the menace of organized crime and terrorist activity grows ever more sophisticated as the ability to enter, control and destroy our electronic and security systems grows at an equivalent rate. cyber-crime (organized criminal acts using microchip and software manipulation) is the world’s biggest growth industry and is now costing an estimated $220 billion loss to organizations and individuals every year. there are serious threats to nations, governments, corporations and the most vulnerable group of all, individuals. cyber-crime combines the same methods of traditional crime identifying targets, using surveillance and psychological profiling but has added-in levels of duplicity in that the perpetrators need never actually be at the scene of the crime. indeed, the traditional idea of a criminal gang is meaningless in that the unit may exist but each member resides on a different continent and never needs to physically meet. the types of attack individuals face include confidence-trick telephone calls or actual encounters calculated to extract bank or personal details, computer spyware that opens on accessing the internet, enticing users with offers of non-existent free gifts while copying confidential files, and programmes that can infiltrate networks, operating within them undetected, ultimately causing them to crash. information and services provided on the internet which can be utilized by any person(s) with access bring to fore the concept of legislations. thus, cyber laws and legislations refer to those guidelines and regulations put in place to ensure that information and services so displayed and acquired on the internet meet a standard within the e-society. this paper aims to review these legislations and showcase their impact and relevance to the society for which they are formulated. finally, the question whether the current internet legislation is adequate to protect the society is also raised.