Misrepresented On The Internet

While identity theft was present in society previous to the appearance of the internet, this medium has provided thieves with an intriguing method to steal identities from people without even having to leave their house. "Today, more and more people engage in online financial activities such as shopping, banking, investing, and bill paying." (Understanding Identity Theft) While this reflects positively on people's lives by saving them significant time, it also exposes them to a world of

An Internet crime can be a developmental scheme by the perpetrator, using different elements of the internet, and false representation to deprive a person's property or any interest (Kim et al., 2012). Although botched representation comes along, with the provision of misleading information or anonymity of data. In the recent years, there has been an increasing trust of consumers and businesses in the carrying out of particular actions. The amplifying usage comes along with the electronic communication during the act of major business rules. The increasingly rising internet crimes have come along with the global advancement that incorporates internet based conduct of business (Anderson et al., 2013). In the digital era the crime perpetrators, have absorbed the idea of shifting with times leading to the high number of the crimes. The reason that we cannot distinguish between the self additionally the risk trader comes in with internet crime given that a face-to-face communication and monitoring barrier. With that respect, the associated internet fraud has greatly affected by the general allowance, trust, and the usage. The paper will center on the effects attached to social cost, trust, and usage associated with internet fraud.

According to an online source regarding internet fraud, “tax identification numbers, Social Security numbers, driver’s license information, fingerprints, and similar private and confidential information are now more accessible than ever before” (Saunders). Identity theft is a matter of the lack of security that technology provides and the failure of people to use it safely. With social media at its peak, outsiders can stalk unsecured profiles online and know complete biographies in minutes. An estimated 40,000 people in the United States fall victim to crimes like identity theft every year (Saunders). This high number is most likely due to the lack of precautionary measures taken by people when using technology and the failure of the government to prevent such crimes.

1. Issue: Seventy five percent of online customers don’t buy online, somewhere in the consumer buying process they decide not to make the purchase online.

Another issue that I would address is lack of control procedures and guidelines in handling and recording accounts receivable. This is much more important now since a major client who represents 31% of total sales is experiencing financial difficulty. I will discuss more detail on this issue in next section.

ii. Loss of customers (and sales) due to long customer service wait times or lack of

“Every year for the past 15 years, the Federal Trade Commission has ranked identity theft as the top consumer complaint” (Buck 1). These consumers want

The Australian Competition and Commission v Vassallo (2009) case depicts the affects of cyber crime on individuals involved. Advances in technology have enabled new ways to commit fraud online. Criminals are using new and complex techniques to commit fraud which often result in financial loss towards individuals. The two respondents in the case, Leanne Rita Vassallo and Aaron David Smith had sold medical eBooks through the internet. The eBooks claimed to provide medical cures and treatments for various health problems such as Lyme disease, asthma, herpes and prostate cancer. However, expert evidence concluded that the cures offered no therapeutic treatments. The two respondents had profited financially from the fraudulent eBooks and had sold the eBooks to more than 60, 000 customers worldwide. The online fraud was operated through several websites which were able to be accessed internationally. Despite rapid advancements in technology, legislation has proved to be effective in regulating cyber crime.

1 Peter 5:8 (New King James Version), “Be sober, be vigilant; because your adversary the devil walks about like a roaring lion, seeking whom he may devour”: resonates throughout Mrs. Hefner’s being due to recent events of fraudulent withdrawals on her debit card. On August 6, 2015, she became considerably alarmed with her inability to disburse funds for her repast at Fried Green Tomatoes in Montgomery, Alabama since the declining of the transaction. Thus, immediately she telephoned Max Federal Credit Union to query on what episodes emerged to trigger this calamitous and problematic quandary. After devoting two consecutive hours on the phone waiting patiently on an attendant to answer, the credit union representative informed her that there were fraudulent charges in the amount of $300 in less than a week’s time. Nevertheless, the advances in technology are advantageous but detrimental to our financial wellbeing. This paper will examine how technology has changed the methods of theft and compare the disparity that prevails amongst the conventional thief and contemporary.

In part one of my late night posts, I rambled about customer service and how most customers generally lack education. Too many people are not smart about the purchases they make. Many don 't read the fine print that comes with their purchase. I also mentioned the fact that entitlement is becoming an epidemic. It makes it easy to spot a potentially bad customer.

Chilling Stories of Fake online identities and why people created by Patrick Smith was a head scratching and eye opening article. The article contained multiple events dealing with people that had to go through identity thief. Another article that covers new technology is “Can people trust the people you meet online’’? by Gwendolyn Sediman. This article also gave us another point of view on how new technology can be used in a corrupt way. The average person wouldn’t usually understand how dangerous new technology can be if the wrong person gets a terrible idea.

Each year online auction fraud is one of the most commonly reported cases of Internet fraud reported to the Federal Trade Commission. Advances in information technologies enable the creation and success of business models such as Internet auctions. There are a variety of auction frauds, the five most common methods of Internet Auction fraud include bid shilling, bid shielding, non-delivery of merchandise, non-delivery of payment, and product authenticity. This paper will expound on the five most common Internet auction frauds along with examining and performing a literature review of prior empirical studies on Internet auction fraud.

The agencies employed by governments to police the web in order to protect the vulnerable have seen an increase in child pornography and online fraud. The speed at which information can be distributed and the number of people that can be reached attracts those that are intent on causing harm. The term “cybercrime” is becoming more widely used. The financial gains that can be made and the anonymity the internet can provide, make the virtual world of cyberspace a haven for criminals. Although the internet has huge benefits for information gathering and social networking, in the wrong hands it can cause harm to the vulnerable and criminals are able to vanish into the underground with the use of false identities that are hard to track online.

In a world amid the buzzing and beeping of smart phones, laptops, and tablets, our susceptibility now to internet fraud is greater than ever. It’s not incredibly uncommon to hear of someone’s experience with separation anxiety over their mobile device. and although this may be common nature and just scream of the attachment issues we’ve developed with each new technological advancement becoming available on the market, the preeminent problem is security. The deceit in the system is clear to see. We lock our doors as a method of protecting ourselves in our homes and vehicles, but what measure provides the same sense of security online? The passwords we create that are intended to be a minimum of eight characters, include a number as well as at least one capital letter, or special character has to be something that we can remember and have committed to memory. The issue with this lies within the frequency of of repetitive use of the same keyword/phrase. Director of IT for Bud Clary Automotive and Senior Emerging Security Technology Engineer Consultant for Nike, Inc., Sherry Carpenter, provides insight on the subject, “With just over three billion people accessing the internet everyday it’s proven to be immensely important to have firewalls, encryption tactics and Intrusion Prevention Systems in place to secure a network from malicious traffic (including viruses, malware, ransomware, etc.)... By merely opening an unknown attachment in an email, you risk infecting not

The perfect fraud storm occurred between the years 2000 and 2002 involving two of the largest energy and telecom corporations in the United States: Enron and WorldCom. It was determined that both organizations fraudulently overstated assets, created assets from expenses or overstated revenues, costing investors billions of dollars and resulting in both organizations declaring bankruptcy (Albrecht, Albrecht, Albrecht & Zimbelman, 2012). Nine factors contributed to fraud triangle creating this perfect fraud storm, and assisting management in concealing the fraud until exposed and rectified.