Bank supervision and monetary policy are strategic concepts in the economy of countries. Development of electronic communications, especially in online and international spheres, has largely threatened financial services in view of security and illegal access to banking networks. Anonymity and identity theft has endangered electronic commerce by crimes like phishing, fraud and different types...

The legal environment of the Internet has often been compared with the Wild West in the days of the American frontier. This analogy is used to convey the wide open and freewheeling atmosphere that pervades this area of the law. The Internet, like many other technological phenomena, is developing along several parallel directions. The main line is the technology direction—those facets of network...