customers. Ted Bridenstine‚ systems development manager at MoneyGram—a leading global payment services company—underscores the importance of fraud detection with the story of a 100-year old grandmother who had contacted MoneyGram after receiving a call that her grandson had been arrested and needed US$2‚500 for bail. Behind the scenes‚ MoneyGram’s fraud detection system flagged the transaction as suspicious. Analysts determined that it was likely part of a telephone scam and a MoneyGram representative
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identity theft‚ frauds‚ cyber stalking‚ information warfare or even cyber-warfare. Cyber terrorism in general‚ can be defined as an act of terrorism committed through the use of cyberspace or computer resources. Cyber warfare is basically referred to activity crossing international borders and involving the interest of at least one nation. Spams or unsolicited sending of bulk emails for commercial purposes is also considered unlawful in some jurisdictions. Many spam mails even cause frauds and tempt people
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Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks‚ which then began to closely
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Computer Crimes Technology in a Global Society CS300 Table of Contents…………………………………………………….2 Introduction…………………………………………………………..3 (Research Discoveries) Origins of Computer crimes………………………………………….4 Internet fraud…………………............................................................5 Internet Cyber Crime………………………..…………………….…6 Personal Crimes……………………..…………………..…..6.2 Financial Crimes…………………….…………………..…..6.3 Computer hackers……...................
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forms of crime‚ and new ways to commit old forms of crime. For instance‚ phenomena such as phishing‚ pharming‚ and the diffusion of viruses and worms were completely non-existent before the arrival of the internet‚ while long existing crimes such as fraud‚ theft‚ and even terrorism can now all be committed in new (and sometimes easier) ways in the cyber world. Due to its decentralized structure‚ users of the internet can enjoy high levels of anonymity‚ with little risk of being traced. Consequently
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Ibrahim 1 Policy Paper on the Sarbanes-Oxley Act of 2002 Randy Ibrahim [SID: 860866350] Business 102 December 09‚ 2010 Dr. Sean D. Jasso Ibrahim 2 Table of Contents Introduction………………………………………………………………………………3 History of the Act………………………………………………………………………...4 Corporate Scandals……………………………………………………………….4 Loss of Investor Confidence……………………………………………………..4 Market Failure and Government Intervention…………………….……………..5 Why Sarbanes-Oxley was Necessary…………………………………………….5 Implementing Sarbanes-Oxley…………………………………………………………
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of how duties can be segregated and benefits of doing so. What is internal control? Internal control is a system or a procedure that help ensure the implementation of a policy efficiently‚ safeguard assets; therefore‚ it helps reduce errors and frauds. An important factor of a strong internal control is segregation of duties within a department and throughout a company Segregation of duties One employee should not have access to all or related aspects of a transaction. This application helps
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as Palm Pilots‚ MP3 Players. The first element of the fraud triangle is pressure. Every fraud perpetrator faces some kind of perceived pressure. Most pressures involve a financial need‚ although nonfinancial pressures‚ such as the need to report financial results better than actual performance‚ frustration with work‚ or even a challenge to beat the system‚ can also motivate fraud. Financial pressures often motivate misappropriation frauds by employees. Common pressures such as living beyond
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Managerial Auditing Journal Emerald Article: Forensic accounting education: insights from academicians and certified fraud examiner practitioners Zabihollah Rezaee‚ E. James Burton Article information: To cite this document: Zabihollah Rezaee‚ E. James Burton‚ (1997)‚"Forensic accounting education: insights from academicians and certified fraud examiner practitioners"‚ Managerial Auditing Journal‚ Vol. 12 Iss: 9 pp. 479 - 489 Permanent link to this document: http://dx.doi.org/10.1108/02686909710185206
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White collar crimes are a full range of fraud crimes and is mostly used for financial gain (Find Law 2017). The most common types of white collar crimes that is common is fraud‚ embezzlement‚ tax evasion‚ and laundering (Find Law 2017). Political crime is crimes that injure the state‚ state government‚ and the political system (The Lectric Library 2017). Some of example of political crimes are treason‚ and terrorism (The Lectric Library 2017). Organized crime is crimes in distinct categories that
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