Jocelyn BosseWAEL ABDULLAH HAMMOUD ALHARBI2022-05-302022-05-30https://drepo.sdl.edu.sa/handle/20.500.14154/51281Information and technological advancements are changing the way things are done, and the banking industry is no exception. With the internet and the permeance of smartphones, laptops and computers, access to one’s bank account is becoming easier and remote. However, with the advancement in banking to online services has come the threat of cybercrimes ranging from phishing, fraud, identity theft, malware, password cracking and denial of services, among others. Therefore, as banks become more digitised and customers embrace remote access to their accounts, it is critical to examine how effective current regulations are in addressing online banking crimes. Cyber threats against online banking have been increasing in quantity and sophistication. Millions of money have been lost and individuals are being denied services following a cybercriminal’s hacking of a bank’s computer systems, networks and personal identification details. To overcome this challenge, the UK and the USA have developed a multiagency and multilegal approach to dealing with cybercrimes. This has enabled countries to address their cyberthreats mainly through preventive measures. Similarly, the Kingdom of Saudi Arabia (KSA) is strengthening its cybersecurity laws, but it lacks a multiregulatory approach to ensuring compliance and the proper enforcement of measures to protect information and funds.en