In­hab­i­tants of the vir­tual world need pro­tec­tion by rule of law

China Daily (Canada) - - NEWS CAPSULE -

re­ported to be the vic­tims of a $100-mil­lion phish­ing scam con­ducted by a Lithua­nian man, who has now been charged by the US Depart­ment of Jus­tice. Bei­jing Youth Daily com­ments:

The case shows we still lack ef­fec­tive global in­ter­net gov­er­nance.

Since there are no gov­er­nance reg­u­la­tions that suit all coun­tries and re­gions, it is time each coun­try drafted one of its own. Ac­tu­ally, the fraud­ster in theGoogle and Face­book case cheated in away that is quite com­mon in China: He pre­tended to be a cus­tomer of the two com­pa­nies and sent emails ask­ing for money. In China that hap­pens ev­ery day and the author­i­ties have done very well in ed­u­cat­ing peo­ple not to fall into such traps.

The Chinese author­i­ties are also do­ing well in com­bat­ing on­line fraud and reg­u­lat­ing the in­ter­net. Ac­cord­ing to, an of­fi­cial plat­form for re­port­ing in­ter­net scams, they re­ceived 20,623 such re­ports in 2016, with the to­tal money in­volved reach­ing

195 mil­lion yuan ($28.3 mil­lion). Some ex­perts have even es­ti­mated that the losses to in­ter­net fraud may ex­ceed 100 bil­lion yuan a year.

China has been con­stantly fight­ing the fraud­sters who hide in the vast ex­panse of the in­ter­net. The coun­try has al­ready es­tab­lished a na­tion­wide big data an­tifraud plat­form, and it is build­ing a long-term reg­u­la­tion mech­a­nism for the in­ter­net. But im­proved leg­is­la­tion is needed to pro­tect per­sonal in­for­ma­tion in or­der to ef­fec­tively fight fraud­sters.

The in­ter­net must be un­der the rule of lawand only proper reg­u­la­tion can pro­tect peo­ple’s le­gal rights and al­low the vir­tual econ­omy to pros­per. The case of Google and Face­book shows that cre­ativ­ity alone is not enough, what is needed is stricter reg­u­la­tion.

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