Cyber-wrongdoing additionally a sort of identity theft which is any illegal development gave on the web that uses a PC as its essential method for theft. Through identity theft, a predator without some individual's learning obtains a touch of their personal data, for instance, their social security number, or even their ledger data and uses it to submit extortion. Identity theft can hurt our extraordinary name and recognize, furthermore open us to potential budgetary mishap. It can incite a criminal
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Nowadays, the statistics show that there is an increment in the number of cybercrime especially in this new era technology. Recently, this rises up hot issue about security threat in e-commerce. Cyber-attack usually happened on online business and organizations which threaten the security of data and operations in their trademark reputation as well as their intellectual property. These actions can cause significant damage or loss in e-commerce. Security is like a strong protective wall which blocks
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On Illegal Chinese websites. Author: Exac They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great
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Accounting: Accounting Fraud at WorldCom Date: 1/26/2015 3. What are the pressures that lead executives and managers to "cook the books"? The CEO and CFO of WorldCom wanted to “cook the books” because they wanted to keep the company’s stock price growing. Managers and accountants “cook the books” because they are forced to do so by their CEO and CFO. WolrldCom CEO Ebbers believed that increasing the stock price is their number one priority, so he set up a goal for the corporation--“The
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Fake ID Just like many college students, Dana and her friends decided to go to a bar one Saturday night. The problem: Not everyone in their group was old enough to enter. The solution: Use fake ID obtained through a friend. So Dana and her friends used fake IDs to enter the bar without a problem, or so they thought. Later that night, police raided the bar. Dana's ID was confiscated and she was later arrested. It seems like everyone wants to be a different age. Many teenagers want to be either
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managers resigned unexpectedly. The fraudulent activity was difficult to figure out because it had many layers of fraudulent loan agreements. These loans created a false perception of a successful company. Characterized as a Ponzi scheme, the fraud was using newly invested money to pay off earlier debt obligations. Le-nature falsified invoices, checks, account statements, and other financial documents to verify business transactions and activity that never actually occurred. This falsely inflated
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companies in the US. Enron invented the trading of communications, power, and weather securities. It dominated the trading and instead of being successful, it became the largest financial scandal in history as a symbol of well-planned corporate fraud. Enron created the phony California electricity crisis. There was never a shortage of power in California. Phone recordings between Enron traders and California power plant operators reveal the traders asking plant managers to "get a little creative"
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Satyam Computers Limited-A case of corporate fraud. Overview: Satyam Computer Services (an IT company) is considered India’s Enron. The company CEO Mr. Raju was the main person involved. In the end, he admitted to faking company profit for numerous years and was arrested for 1.47 billion dollars in fraud. Fraudulent acts: Mr. Raju worked with the internal auditors to come up with ways to create non-existent profits and eliminate debt. For instance, he had fake bank accounts on paper
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In summer 2002 WorldCom, the fastest rising company in the US history with its CEO of 17 years Bernard Ebbers was busted for fraudulent financial activities (American Greed, 2008). The history of the company dates back to 1983 when Long Distance Discount Services (LDDS) was founded. The company was providing long distance calling for cheap by doing acquisitions and buying smaller phone companies (American Greed, 2008). Bernard Ebbers was company’s CEO and within 10 years he was able to make LDDS
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Case Study The Rise and Fall of Worldcom This case study is about Bernard Ebbers CEO of Worldcom, Inc. and Scott Sullivan CFO of Worldcom, Inc. once they were boosted the company growth and they got awards. Later on they made frauds by using their influential tactics on employees and company’s board. Those are Assertiveness: it involves applying legitimate and coercive power to influence others by threatening or giving punishment. This tactic was used by sullivans office where they berated and
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