Types Of Computer Fraud, The Association It Has With A Legalisation Of Uk And The Effectiveness Of Each

Fraud is, unfortunately, a very common thing. Fraud occurs in many different ways and through many different mediums. It can happen to just about anyone, sometimes without you even knowing that it is happening. Some people are more vulnerable than others, but there are ways to avoid being targeted that everyone should be aware of.

Cybercrime has experienced significant progress during recent years, as its advance is directly proportional with the advance of technology. In spite of the fact that the authorities devise new and better strategies to fight cybercrime, the fact that the number of people online is constantly increasing means that cybercrimes occur even more frequently. Dishonest people who seek opportunities have discovered how the internet stands as a perfect environment for them to commit crimes by taking as little risks as possible. Computer fraud generates a series of benefits for the person committing it, as he or she can either profit financially from the enterprise or can simply alter files in order for his or her image to be positively affected. Identity theft is a major form of cybercrime and it is essential for society to acknowledge the gravity of the matter in order to be able to effectively fight against criminals using it.

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.

Legal and ethical issues in computing are not as straight forward as one expects, these two comprehensive concepts can be divided into many sub-sections such as computer Ethics which is a moral standard used as a guideline for computer users, Code of ethics is a guideline in ICT, intellectual property is the own work that is created by individuals, privacy refers to the rights that individual and companies have and how their data is collected and restricted to outside sources, computer crime is an illegal act that involves computers and finally cyber law which is laws that are related to helping protect the internet and other online communication.

The other factor that facilitates the occurrence of the love scam has been highlighted as the shortcomings of the national banking system. The Internet love scam crime is facilitated by Malaysia’s new and advanced banking system which permits culprits who are the persons responsible for a crime to effortlessly set up accounts and perform global transfers (Reuters, 2014). Other than that, assuming another person’s identity is also created easily by banks permitting individuals to open accounts online (Quinn, 2014). Identity theft occurs when somebody steals casualty’s personal information, for example, identity card number, telephone number, address, credit or debit card number or financial account data, and uses the information to open up lines

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.

It is important to first gain an understanding of the various types of fraud, in order to aid understanding in regards to the prevention of fraudulent activity. This paper begins with a review of the definition of financial fraud, and identification of the different fraud types. Further, included is an examination of what motivates individuals to commit fraud, including an identification of some of the method in which people commit fraud. A discussion of the importance of the fraud triangle, and how rationalization contributes to fraud is a key area of focus. Finally, there is an examination of some controls that prevent and detect fraudulent behavior, including the value and importance of understanding the nature of fraud for

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.

Law §18 U.S.C. 1030 Fraud and related activity in connection with computers is a law created to prevent crime in connection with computers. Policy Identification describes and defines this law in its fullest definition with details on who created it and who implemented it. History and Background gives a variety of events on how this law became to what it is, from oldest to the newest events which led to the creation of the law. Current situation explains what is going on today, how the law has changed, and who is affected by it. Differing viewpoints shows two different sources and their opinions on law §18 U.S.C. 1030.

The Computer Fraud & Abuse Act of 1986 provides protection against computer based crimes. The original goal of the act was to provide legal protection for computers and computer systems that were part of the government, associated with a financial institution or involved with foreign trade. Some of the penalties and crimes against this act are Obtaining national security information (10-20 years), trespassing in a government computer (1-10 years), intentional access and damage (1-10 years), intentional access and reckless damage (5-10 years), trafficking in passwords (1-10 years) and extortion involving threats to damage

As the utilization of PCs and the web turns out to be more predominant, moral issues identified with PC use will keep on making a bigger effect on individuals' lives and the way that society capacities. PC morals include the ethical standards and behavioral rules related to the path in which people, associations, and society all in all utilization PCs and data innovation. A few cases of moral issues identified with PC utilize incorporate individual data protection, PC security, wholesale fraud, licensed innovation, level with access to data and so on.

The creation go of the Internet has helped spawn new forms of criminals and crimes, and has always helped make older criminal schemes easier to execute, identity theft, child pornography, copyright violations, hacking and you could go on and on. In a 2003 survey conducted by the CSI with the participation of the San Francisco Federal Bureau of Investigation’s Computer Intrusion Squad, of the 530 respondents made up of U.S. corporations, government agencies, financial institutions, medical institutions and universities, 56% reported unauthorized use of their computer systems (2003 CSI/FBI Computer Crime and Security Survey).

The Fraud Act 2006 was introduced for the purpose of broadening the fraud offences that resided under the Theft Act 1968 and 1978. The implications of the offences within the Theft Act and Fraud Act will be critically discussed throughout the essay with the addition on how the changes in the law has made prosecuting offenders simpler. It is imperative to compare the two Acts, to allow a greater understanding from an investigators perspective if the enactment has had a positive impact. To support the points discussed, case law and legislation will be utilised appropriately.

Being the fastest growing crime of today, it is estimated that every 79 seconds an identity is stolen (Consumer Reports 13). Empty promises made by solicitors in spam e-mail offer a free gift in exchange for personal information. These solicitors have no intention of sending any free gifts, but their scams help them obtain the private information desired. If enough information is given, criminals are able to apply for credit cards, apply for a fraudulent loan under the victim’s name, and make illegal withdrawals from random bank accounts. This is only one of the many ways a person’s identity could be stolen (O’Reilly).

The aim of this report is to discuss the various methods of reducing computer fraud and to find out whether the computer security measures is necessary. In the main body of this report discuss about whether the