13:01 Jul. 31, 2016
A new program on increasing safety of e-payments is starting in Ukraine
US allocates USD 200,000 to develop and implement new rules of e-payments, called Safe Card. Starting from October, a National program of supporting safety of electronic and card payments will operate in Ukraine.
The project will include legislation changes, providing people with information on e-payments and helping police to fight cybercrimes. During the last several years, Ukraine achieved a significant success in e-payment implementation and now continues to develop on this trend. Unfortunately, the popularization of e-payments means the growing in number of related crimes.
During the first eight months of 2016, Ukrainian police registered 482 cybercrimes including rooking money from payment cards, intruding into computer networks, illegal payment cards operations etc. Yet, the legislation is not able to punish such criminals. Several years ago, cybercrimes were decriminalized. Now the punishment only includes a fine. The new program aims to toughen the law and put cybercriminals behind the bars.