FTOverview As the CISO for VL Bank I was recently informed of the crime being committed against our customers. I have been tasked with investigating this crime and finding a swift resolution for our customers and to do everything within my power to bring the attacker(s) to justice. After carefully considering the document prepared by my information security analysts I have determined not only which laws apply to this crime but also the necessary steps taken to further the investigation and how to prevent security issues in the future. Two Laws that Apply to this Case After examining various case laws I have deduced the following laws apply in this case, they are the Computer Fraud and Abuse Act and the Electronics Communications Privacy Act. The Computer Fraud and Abuse Act explicitly states “when a trespass is made with an intent to defraud that results in both furthering the fraud and the attacker obtaining something of value” (Gallegos & Senft, 2009).
• SEC-Securities and Exchange Commission: The SEC’s purpose is to “serve as a repository and examiner for registration statements filed by companies planning to sell stock to the general public; providing information on securities to investors; advising on some bankruptcy reorganizations; and investigating and initiating action when federal securities laws are violated and frauds are committed.” The SEC’s job is to protect investors by regulating a policing the securities market. Friedrichs, David O. Trusted Criminals: White Collar Crime In Contemporary Society, 4th Edition. Cengage Learning, 06/2009. VitalBook file.
Khristine Jackson Week 2 Homework July 19, 2014 The Sarbanes-Oxley Act of 2002 (SOX) was a direct output of the financial statement fraud that sank industry giants such as Enron and WorldCom. 1) What are the primary goals and tenets of SOX with respect to fraud? The primary goals and tenets of the Sarbanes-Oxley Act of 2002 (SOX) are to concentrate on improving the value of audits in an effort to remove fraud in order to keep the public’s attention as well as for the security of investors. In addition, SOX requests corporate management to be more accountable for both fraud prevention and detection. Similarly, corporate board is also more responsible for the occurrence of fraud with the company; under SOX, those who contribute in
For example in reference to overstated revenues; computer assisted audit techniques can be useful in identifying unusual or unexpected revenue relationships or anomalies in transactions. Essentially computer programs can be programed look for anomalies in many areas of fraud as well as being able to separate and keep evidence organized by category which can be essential when going to court to give testimony. 3- 9. Where might financial statement fraud occur in a company (e.g., what are some red flags)? According to SAS No.
In order to make a proper analysis, use research from the readings and from the simulation, as well as any data gathered from outside research, in order to provide local government with your analysis on the terrorist threat. Elaborate on the following in your draft: 1- What is the modus operandi of the terrorist group? 2- What are the typical targets? 3- What is the group’s common method of attack? 4- What is the group’s ideology?
Directly causing a proven loss. Uncovering a theft loss, exposing and stopping it can be challenging, but even more challenging may be recovering the loss against third parties for example the insurance company. The likelihood of recovery is considerably determined by the steps taken following the discovery. In dealing successfully with any employee theft, there are several basic steps: Conduct an immediate and accurate investigation. File a timely proof of loss with the insurance carrier.
According to Krancher, Riley & Wells, (2013), “Interviewing is the systematic questioning of a person who has knowledge of events, people, evidence, and other details surrounding a fraud or forensic accounting issue” (pg. 234). As the fraud investigator, I would take an approach to outline a successful interview with careful planning and preparation. I would research all parties identified as participants of the accusations as well as those not included. In this approach, it would be my goal to better assess the normalcy and practices of the outline interest or focus.
Derek Brunson CISM 3330-03 Plug IT In 6 Discussion Questions 1. | Why is it so important for you to protect your information assets? Can you assume that your organization's MIS department will do it for you? It is important to protect your information assets by behavioral actions and computer-based actions. I can assume that my organization MIS department will do it for me because they would identify issues and problems and promote to employees how to protect their assets that might be vulnerable to theft in the outside world.
Bank Secrecy Act Learning Objectives: 1. to understand the variety of world terrorist organizations and their cooperative and support institutions; 2. to understand how world terrorist organizations function, how they raise money and use money laundering to finance their activities; 3. to understand the money laundering methods used by terrorists and their supporters; 4. to compare and contrast traditional money laundering by organized crime with the money laundering used in terrorist financing; 5. to understand judicial decisions under the USA Patriot Act and other national legislation; 6. to understand and evaluate the effectiveness of the standards, laws, conventions regulations, policies and strategies against the financing of terrorism.
2. Explain the tree elements of the opportunity triangle (commit, conceal, convert) and discuss how miller accomplished each when embezzling funds from Associated Communications. What specific concealment techniques did Miller use? Opportunity is an element provides the ability to actually commit fraudulent activity. According to our textbook, opportunity is the condition or situation that allows a person or organization to do three things: Commit fraud, Conceal fraud and Convert fraud.