Internet fraud

A NATIONAL SECURITY THREAT: CYBERCRIME Monika Sharma1 and Michael Losavio2 1Department of Computer Science and Computer Engineering, University of Louisville, Louisville, KY 2Department of Justice Administration, Department of Computer Science and Computer Engineering, University of Louisville, Louisville, KY. m0shar17@louisville.edu, Michael.Losavio@louisville.edu ABSTRACT Cyberspace which is an offshoot of the development of computer and digital communication technologies, has in recent

corporate fraud and governmental crime. This paper will discuss two sophisticated crimes in further detail. This paper will explain and assess common methods or avenues of committing white-collar crime, corporate fraud, public corruption, or governmental crime. This paper will analyze the application of state and federal statutory requirements and case law. This paper will provide examples of criminal incidents and the outcomes of the court cases. The common consumer fraud is cashier’s check fraud, fictitious/unauthorized

Jurisdiction is one of the main issues on account of cyber crimes because of the extremely inclusive nature of the cyber crimes. With the constantly developing arm of the internet the territorial concept appears to vanish. New Methods for resolution of dispute should offer route to the traditional techniques. Accordingly, the Information Technology Act, 2000 is quiet on these issues. In spite of the fact that S. 75 accommodates extra territorial operations of this law, yet they could be significant

Target experienced several major computer crimes during the Black Friday’s discounted sales promotions, when thousands of their customer’s personal and financial information were stolen via the internet using computers. This is just one of many crimes involving information processing systems and the internet. This single act in its entirety encompassed all of the cyber crimes addressed previously. Account holders will not incur any financial burden from the breach, but the financial institutions, or

Financial Fraud • “900” Telephone number fraud • Advance-fee loan schemes • Charity fraud • Credit card fraud • Schemes that charge money for services that the Government provides for free • Cute-rate health insurance fraud • Investment fraud (Ponzi Schemes) • Solicitations disguised as invoices • Oil and gas investment fraud • Land fraud Fraud Against Older Americans • Sweepstakes advice for the elderly Sweepstakes and Lottery Fraud • Illegal sweepstakes information • Chain letters • Free-prize

federal statues are applicable to cover lawsuits against phishing attacks. U.S. Federal Criminal Statutes applicable for Phishing Even though not all states have anti-phishing law, this issue is covered under many other laws related to computers and internet. Similarly, phishing is addressed in federal statute under following laws: - Identity Theft – 18 U.S.C. 1028(a)(7): Under this section, knowingly unlawfully possessing or transferring somebody’s means of identification with the

In the decade following entry of TADA, reports of data fraud exploitations to the FTC surged. In 2001, customers documented 86,212 protestations. After three years, the number announced expanded about 250% to 214,905 grievances (FTC, 2007). Information from other government offices and private associations likewise bolster the claim that data fraud has risen exponentially since 1998. The Social Security Administration's (SSA) Fraud Hotline got roughly 65,000 reports of government disability number

Introduction Today we are going to talk about cyber-crimes that affect the business world. Cyber-crime in the business world Cyber-crime can occur in a number ways. Most of them can have a significant impact on a business. (Business Law, p. 143-157): 1. Credit card Theft-When a credit card is stolen from a consumer it often hurts the merchant and the issuing bank significantly greater. This is due to the owner of the credit card not being charged for any fraudulent charges on the card when it was

are related to business, it's not always the employees of those businesses that that stray away from their morals, and greed overcomes their judgment. On May 19th 2014, a Brooklyn, N.Y., man was sentenced to state prison for orchestrating a bank fraud system with at least two defendants. The defendants in this case were found to be impersonating people to whom are holders of legitimate business bank accounts. In their scheme, they were able to steal more than half a million dollars. The New

Fraud can affect a broad spectrum of individuals at any time. Companies and consumers are losing billions of dollars every year. The effects of such deceptions can way heavily on companies and consumers. Fraud can be committed in many different ways. It can range from employee embezzlement to email scams. With increasing frequency, fraud continues to occur. No matter what the news reports, without proper controls; fraud will still occur. Proper controls and training need to be put in place at companies