This paper examines the phenomenon of cybercrime, as a serious hazard of new, digital society. Different forms of cybercrime are described, accompanied with up-to-date statistical data. Focus is put on available international legal framework as well as on the major institutional bodies – state or non-governmental – aimed to achieve security in cyberspace. The authors also attempt to evaluate the costs of particular cyber, criminal activities whereas basic ethical issues regarding piracy are also examined. Finally, this work end with the study case elaborating the cyber issue in the Central Asian Republics (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan).