report identity theft is also explained. Defining Identity Theft The U.S. Department of Justice defines identity theft, also called identity fraud, as “all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain” (U.S. Department of Justice, 2015). Identity thieves use personal data such as Social Security numbers, bank account or credit card numbers
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Puffery Comparing your product to that of a competitor without scientific studies to substantiate your claims could lead to charges of deception. Saying you make a better pizza is puffery. Saying two out of three people prefer your pizza when you have no studies to substantiate the claim crosses the line to deception. Literal false largely applies to promotional materials that involve statistical and testing proof of claims. The “tests prove” literal false advertising is where advertising relies
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1. HONESTY is to tell the truth to the best of your ability without hiding anything. 2. FAIRNESS is the quality of being just, equitable, impartial and it overlaps with terms such as justice, equality and morality 3. EQUALITY relates to how wealth, income is distributed between employees, within a company or a country, or globally 4. RECIPROCITY relates to the return of small favors that are approximately equal in value 5. OPTIMIZATION Is the tradeoff between equality and efficiency
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financial ruin. WorldCom according to John Sidgmore, a former top executive of WorldCom, stated that WorldCom generated annual revenues of over $30 billion a year, has more than 60,000 employees, over 20 million customers, and was one of the largest internet providers in the world. This made WorldCom a key component in the USA’s economy and communications infrastructure. Bernie Ebbers isn’t the founder of WorldCom but was a major factor in making LDDS which is a small start-up company in Mississipi
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It is generally seen that the use of internet in any country of the world is growing rapidly. It has given rise to new opportunities in every field we can think of, such as entertainment, business, sports, health or education. However, one of the major disadvantages of internet is cyber crime. which is an illegal activity that committed on the internet and this includes email espionage, credit card fraud, spam’s, software piracy download illegal music, steal money from online bank account and so
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is a PLACE of criminal activity - theft of service (in particular, telecom fraud) and - certain financial frauds. BRIEF HISTORY • The first recorded cyber crime took place in the year 1820. That is not surprising considering the fact that the abacus, which is thought to be the earliest form of a computer, has been around since 3500 B.C. DEFINITION • Cyber Crime is a Crime committed using a computer and the internet to steal a person’s identity or illegal imports or malicious programs. Cybercrime
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Prison Inmates claiming millions in tax refund Over the past few years prisoner tax refund fraud has sky rocketed. According to the article - (Prisoners rake in millions from tax fraud, 2013) “In 2010, more than 91,000 inmate returns claimed $759 million in fraudulent refunds.” 1 That figure was more than double from the previous year. How is it a convicted felon who is behind bars still gets to cheat the system by robbing innocent tax payers of billions in tax refunds on an annual basis
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Cyber crime: The internet has become a part of our everyday lifestyle and made it easier for us in many ways. Although like many things in life, it also has its disadvantages as well. One of the major disadvantages with the internet is cybercrime. Cyber crime is the latest and perhaps the most complicated problem in the cyber world. The term “Cyber Crime” has nowhere been defined in any statute or Act passed or enacted by the Indian Parliament What exactly is cybercrime? A simple way to put it
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purchased over sixty other telecom firms. In 1997 it bought MCI for $37 billion. WorldCom moved into Internet and data communications, handling 50 percent of all United States Internet traffic and 50 percent of all e-mails worldwide. By 2001, WorldCom owned one-third of all data cables in the United States. In addition, they were the second-largest long distance carrier in 1998 and 2002. How the Fraud Happened So what happened? In 1999, revenue growth slowed and the stock price began falling. WorldCom's
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Negative Impacts of Technology in Banking Sector The term “banking technology” refers to the use of sophisticated information and communicationtechnologies together with computer science to enable banks to offer better services to itscustomers in a secure, reliable, and affordable manner, and sustain competitive advantage over other banks. In the five decades since independence, banking in India has evolved through four distinct phases. During Fourth phase, also called as Reform Phase, Recommendations
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