The legal dictionary defines fraud as, “a false representation of a matter of fact” ((n.d.), 2008). This falsification can take many forms. Fraud can be spoken words, actions, ambiguous allegations, or concealment of material information. Fraud is generally understood as a dishonest act used for personal gain ((n.d.), 2008). Internal Fraud Internal Fraud is committed by a variety of individuals.
Chapter 1 Introduction and Statement of the Problem Introduction Phishing is the term used to describe massive e-mails that trick recipients into revealing their personal or company confidential information, such as social security and financial account numbers, account passwords and other identity or security information. These e-mails request the user’s personal information as a client of a legitimate entity with a link to a website that looks like the legitimate entity’s website or with a form contained in the body of the e-mail. The aim of phishing is to steal a user’s identity in order to make fraudulent transactions as if the Phishers were the user .In a typical phishing attempt, you will receive an authentic-looking email message that
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. It’s important to protecting our assets that might be on portable devices to prevent the theft, use two factor authentications, and encrypt your data. Protecting your privacy by using strong passwords, adjusting the privacy settings on your computer, and surf the web anonymously. Other ways to protecting your privacy may include e-mail anonymously by reporting spam to your email provider and knowing what information on your emal is creditable, and by erasing your Google search history to prevent important history from being discovered. | 2.
The crime of identity theft is committed by fraudulent means to obtain financial resources from the person. The information below will include the types of identity theft, how it occurs, how large the growing problem is, and how to protect yourself from it. What is Identity Theft? Business & Money defines identity theft as: “Identity theft occurs when the personal identifying information of an individual is misappropriated and used in order to gain some advantage, usually financial, by deception (White, 2012).” Many people confuse regular fraud as being the same as identity theft, and that is not the case. In a fraud case, the criminal is not taking the identity of a certain person.
It is a function of people illegally obtaining goods or services they are not entitled to. When the funds obtained are then infused into legitimate business dealings, legitimate economies can be compromised and the public processes can be directly impacted through the “buying” of elections. Still, in many countries, money from organized crime is highly relied on and becomes the “norm” of society ("United Nations Office on Drugs and Crime", 2013). A major source of illegitimate funds is drug manufacturing and trafficking. Many international crime groups are involved in global crimes related to drugs.
Forensic Accounting is important because they help dig deep and are able to assist law enforcement with catching criminals. Forensic accountants play important roles in embezzlement and accounting fraud cases. The accountants look into the books and transactions made by a corporation or individual to find discrepancies and things that just do not belong. Forensic accounts provide law enforcement with evidence for a case that isn’t readily seen by the naked eye. Forensic accountants have played major roles in cases such as Orinda-Moraga Disposal Services, and Sunbeam.
The credit companies can be an ally once all the necessary documentation is filed and the authorities are notified. Credit counseling services are available that may be able to assist in cleaning up bad credit do to fraud. An attorney may also be necessary. The process is exasperating and will be disruptive. Stay calm but can be cleaned up.
For individuals and organisations these malicious programs can collect authentication data such as account details and passwords which can be later used for cybercrime or hacking. • Spyware: software that covertly transmits data about the activities a user is performing on their system. Spyware can also be used to install additional software, redirect browser searches, change computer settings or disrupt network connections. Typically, spyware is installed during the installation of a piece of free software. • Phishing: is the act of sending emails purportedly from a reputable company in order to trick a user into revealing personal information such as passwords and account details which will be later used for cybercrime.
Cases like Enron, Madoff and other fraud cases have left companies vulnerable regarding how to resolve potential problems that may be related to fraud. Fraud risk assessments, which is a series of assessments used to determine the likelihood of a member or organization “using deception to make a personal gain dishonestly for oneself and/or create a loss for another (Samociuk & Iyer, 2010).” Through the evaluation of the importance of fraud risk assessment and the elements of a good fraud risk assessment, one can better understand how fraud risk assessments can positively affect the success of a company. Fraud risk assessment is an important element of a successful corporation for several reasons. Most of these reasons revolve around a company's naivete to the potential for fraud. Most corporations state that they did not realize that they had a high risk of fraud, which causes one to ask whether fraud could be prevented (Samociuk & Iyer, 2010).
Netiquette is a task that can and should be taught to everyone that uses the internet and social media. Stealing Property Facebook, Twitter, and Instagram are sites that your personal things can get stolen. Pictures are the most common items that get stolen. People that don’t have the life they want, they target pictures of other people to make it seem as if it is them. The TV show Catfish gives a great description of this type of stealing.