In the context of digital transformation, as people’s activities move from the tangible space to the digital space and they conduct electronic transactions, including online payments, different types of cyber fraud also appear. Authorities have recently taken measures and actively dealt with fraud cases, such as network operators cooperating with the Ministry of Information and Communications to decide not to sell SIM cards at agencies. Banks, meanwhile, plan to review and purge junk accounts. The National Assembly recently approved the amended Law on Electronic Transactions, helping complete the legal corridor for transaction activities in cyberspace, especially expanding the scope of application of electronic transactions to all activities in life.