social crime
Social Crime
Introduction
Malaysia is generally considered to be one of the most stable countries in South East Asia. Like all developing nations, however there are some problems, which can impact on businesses operating or planning operations within the country. However, crime not only occurs throughout our environment but also through the internet, we called it as cybercrime. The discussion will start with the types of crime that are occurring in Malaysia lately.
Body
1. Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also an adjunct to identity theft.
Application fraud happens when a criminal uses stolen or fake documents to open an account in someone else's name without authorisation. Criminals may try to steal documents such as utility bills and bank statements to build up useful personal information. Alternatively, they may create counterfeit documents.
Account takeover happens when a criminal tries to take over another person's account, first by gathering information about the intended victim, and then contacting their card issuer while impersonating the genuine cardholder, and asking for mail to be redirected to a new address. The criminal then reports the card lost and asks for a replacement to be sent.
They may get victims’ personal information by sending them a fake e-mail from bank which stated that their bank account has been hacked and their information are needed to overcome the problem.
Prevention: How can we prevent credit card fraud? New technology makes it harder and harder to prevent credit card fraud because thieves are always discovering new ways on how to crack and steal credit card and bank account numbers. There is no prevention that can stop credit card fraud 100% of the time,
Introduction
Malaysia is generally considered to be one of the most stable countries in South East Asia. Like all developing nations, however there are some problems, which can impact on businesses operating or planning operations within the country. However, crime not only occurs throughout our environment but also through the internet, we called it as cybercrime. The discussion will start with the types of crime that are occurring in Malaysia lately.
Body
1. Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also an adjunct to identity theft.
Application fraud happens when a criminal uses stolen or fake documents to open an account in someone else's name without authorisation. Criminals may try to steal documents such as utility bills and bank statements to build up useful personal information. Alternatively, they may create counterfeit documents.
Account takeover happens when a criminal tries to take over another person's account, first by gathering information about the intended victim, and then contacting their card issuer while impersonating the genuine cardholder, and asking for mail to be redirected to a new address. The criminal then reports the card lost and asks for a replacement to be sent.
They may get victims’ personal information by sending them a fake e-mail from bank which stated that their bank account has been hacked and their information are needed to overcome the problem.
Prevention: How can we prevent credit card fraud? New technology makes it harder and harder to prevent credit card fraud because thieves are always discovering new ways on how to crack and steal credit card and bank account numbers. There is no prevention that can stop credit card fraud 100% of the time,