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Fraud

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Fraud
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Abstract
The purpose of this paper is to explore fraudulent activities within the business environment. Trends observed indicate a need for increasing secure management. Review of scholarly journals, industry publications and text books were performed to gather data. Findings support that implementation of fraud reporting mechanisms assist in detecting fraud.

Abstract 3
Introduction 4
What is Password Hashing? 4
Defined 4
Hashing Methodologies 5
How Password Hashing is Used 6
Add SALT for Taste? 7
Who Should Care and Why Hashing is Important 8
Individual Users 8
Business Users and Password Security 9
Password/Login Attack Methods 11
Rainbow Tables 11
Dictionary Attack/ Brute Force Attack 11
Conclusion 12
Sources 14
Introduction
If I told you that 5% of your business revenues were being lost but there is something you can do to prevent that from happening, would you be interested in learning more? This paper will create awareness of fraud by explaining how you can identify fraud, as well as explain the importance of the implementation of prevention programs and anonymous reporting venues within your respective organizations.

Fraud Defined
The Association of Certified Fraud Examiners (ACFE) is the premier association of fraud examiners dedicated to researching fraud trends. The ACFE defines occupation fraud as: “The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.”

Fraudsters
According to ACFE data, Most occupational fraudsters are first time offenders with clean employment histories. Approximately 87% of occupational fraudsters have never been charged or convicted of a fraud related offense. Fraudsters are more likely to perpetrate fraud during economic downturn in order to please investors, avoid contractual obligations, achieve compensation targets, or simply keep their job. Fraudsters



References: Dorminey, J., Fleming, A., Kranacher, M., and Riley, R., (2012). The evolution of fraud theory. Issues in Accounting Education, 27(2), 555-579. doi: 10.2308/iace-50131 Kelly, P., & Hartley, C. A. (2010). Casino gambling and workplace fraud: A cautionary tale for managers. Management Research Review, 33(3), 224-239. doi: 10.1108/01409171011030381 Karp, D. (2011, September). Preventing the threat from within: 6 ways to curb employee fraud. Risk Management, 58(7), 8+. Retrieved from http://proxy01.academic.walshcollege.edu:2060/ps/i.do?id=GALE%7CA268402653&v=2.1&u=lom_walshcoll&it=r&p=SPJ.SP29&sw=w McNeal, A. (2012, August). What 's your fraud IQ? Journal of Accountancy, 214(2), 32+. Retrieved from http://proxy01.academic.walshcollege.edu:2060/ps/i.do?id=GALE%7CA300343323&v=2.1&u=lom_walshcoll&it=r&p=AONE&sw=w Morgan, M. (2000). Careers in Criminology. Lowell House. Scaglione, B. (2011). The Identification and Control of Fraudulent Behavior. Security: Solutions For Enterprise Security Leaders, 48(9), 104. Sweeney, P. (2008). Hotlines Helpful for Blowing the Whistle. Financial Executive, 24(4), 28-31. Yockey, J. W. (2011, December). Solicitation, extortion, and the FCPA. Notre Dame Law Review, 87(2), 781+. Retrieved from http://proxy01.academic.walshcollege.edu:2060/ps/i.do?id=GALE%7CA282742023&v=2.1&u=lom_walshcoll&it=r&p=LT&sw=w undefined. (2012). Association of Certified Fraud Examiners. In 2012 Report to the Nations. Retrieved August 20, 2012, from http://www.acfe.com/.

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