How Law Operates in a Wired Global Society: Cyber and E-Commerce Risk

Prepared for the Korea Legislation Research Institute (KLRI), 2017 Legal Scholar Roundtable, How Law Operates in the Wired Society, Seoul, Korea, 21-22 Sep 2017

28 Pages Posted: 11 Sep 2017 Last revised: 28 Sep 2017

See all articles by Lawrence J. Trautman

Lawrence J. Trautman

Prairie View A&M University - College of Business; Texas A&M University School of Law (By Courtesy)

Date Written: September 7, 2017

Abstract

By now, almost every business has an internet presence, and is likely engaged in e-commerce. What are the major risks perceived by those engaged in e-commerce and electronic payment systems? What potential risks, if they become reality, may cause substantial increases in operating costs or threaten the very survival of the enterprise?

This article discusses the relevant annual report disclosures from eBay (previous parent of PayPal) and Alphabet Inc. (parent of Google), along with other eBay, PayPal, Alphabet and Google documents, as a potentially powerful teaching device. Most of the descriptive language to follow is excerpted directly from eBay’s (PayPal) and Alphabet’s (Google) regulatory filings. My additions in prior scholarly articles about these entities include weaving these disclosure materials into a logical presentation and providing supplemental sources for those who desire a deeper look (usually in my footnotes) at any particular aspect. I’ve sought to present a roadmap with these materials that shows eBay’s and Google’s struggle to optimize their business performance while navigating through a complicated maze of regulatory compliance concerns and issues involving governmental jurisdictions throughout the world. International cyber crime and risk issues follow, with an examination of anti-money laundering, counter-terrorist, and other potential illegal activity laws.

The value proposition offered here is disarmingly simple -- at no out-of-pocket cost, the reader has an opportunity to invest probably just a few hours to read and reflect upon the eBay (PayPal) and Alphabet Inc. (Google) multiple-million-dollar research, investment and documentation of perceived e-commerce, cyber, IT, and electronic payment system risks. Hopefully, this will prove of value to those either interested in the rapidly changing dynamics of (1) electronic payment systems, (2) those engaged in Internet site operations, or (3) those engaged in fighting cyber crime activities.

Keywords: Alphabet, AML, commercial law, computer crime, consumer protection, corporate governance, cyber terrorism, eBay, e-commerce, disclosure, electronic payments, entrepreneurship, Google, law and technology, mobile payment systems, money transmitter laws, PayPal, risk, securities reg.

JEL Classification: A10, B25, C99, D12, D23, D44, D63, E40, K11, L82, L83, L86, M30, O34, P50

Suggested Citation

Trautman, Lawrence J., How Law Operates in a Wired Global Society: Cyber and E-Commerce Risk (September 7, 2017). Prepared for the Korea Legislation Research Institute (KLRI), 2017 Legal Scholar Roundtable, How Law Operates in the Wired Society, Seoul, Korea, 21-22 Sep 2017, Available at SSRN: https://ssrn.com/abstract=3033776 or http://dx.doi.org/10.2139/ssrn.3033776

Lawrence J. Trautman (Contact Author)

Prairie View A&M University - College of Business ( email )

Prairie View, TX
United States

Texas A&M University School of Law (By Courtesy) ( email )

1515 Commerce St.
Fort Worth, TX 76102
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
152
Abstract Views
1,110
rank
264,532
PlumX Metrics