This document discusses cyber law and its impact on cyber crime. It notes that while cyber crimes are increasing globally and costing businesses trillions, the laws governing cyber space have not kept pace with the growth of the internet. There is still a huge challenge to develop comprehensive international regulations and laws to address coordinated cyber attacks across borders. It argues that some structure around jurisdiction, privacy, commerce and other issues is needed to help curb cyber crime, but that regulating the internet is complex given its global, boundary-less nature. Enhanced international cooperation around cyber law enforcement is important for addressing cyber threats.