Although my question can't be answered absolutely, I'll try to state it in a way that's as close as possible.
I'm considering earning an entirely online Software Engineering bachelors degree from a school which also has an on-campus equivalent. But, most importantly: my exams will be all closed book.
It's very easy to cheat with closed book tests, I expect; even if they try to prevent it, just use a second PC or a virtual machine.
Because of how easy it is to cheat with this method of testing, is it a strong indicator that potential employers will place little value on my degree?