correction. If further development is needed, then it should be done in order to eliminate these bot herders who kept on seeking cybercrimes. 5.16 What are two tactics criminals use to commit credit fraud? What are two countermeasures financial institutions and retailers use to prevent credit fraud? 5.19 The meaning of the term hacker has changed overtime. Describe three phases it has gone through and what it meant it each phase. Explain the terms white-hat-hackers, black-hat-hacker and cracker
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Organizational Behavior within WorldCom WorldCom entered the telecommunications market as LDDS in 1983, founded by Bernie Ebbers in Jackson, Mississippi. The company grew dramatically through numerous acquisitions and adapted the name “WorldCom” in 1995. In 1998, WorldCom purchased MCI, the nation’s number two long-distance provider, for $37 billion. WorldCom, considered a major success story of the 1990s, filed Chapter 11 bankruptcy in July 2002. With 65 successful acquisitions, including 11
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of revenues when calculating corporate fines and penalties Mandatory prison sentences for officers. US senstencing commission. - Sarbances oxley basically was criminal fraud and white collar crime Substantically increases penalties for corporate crimes Mail and wire fraud penaties Indemnification of crime victims - Penalties are paid to the government - Action for damages. Victims can bring civil lawsuit against wrongdoer. - Indemnification of unjustly convicted
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The three banks that were researched for their money management services were, Citi Bank, Chase, and Banner Bank. These three institutions gave a wide view of the services that they would be able to provide to a potential customer and how it would best serve their business. Citi Bank states that with their, “cash management products, you can collect payments faster, optimize the timing of payments to suppliers, vendors and employees, and stay on top of your accounts and balances more easily.” This
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|ethical issues internationally | |ETHICAL ISSUES INTERNATIONALLY | | | |
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be done to prevent this from happening. Cyber-attacks can “inflict economic damage, disrupt a company’s operation and harm to its reputation” (Mead, 2011, para. 1). The different types of attacks are discussed such as; intellectual property theft, fraud, attacks upon infrastructure, and telecommunications. This article also stresses the importance of getting employees involved in the fight against these types of attacks by keeping all employees trained in information security policies and procedures
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of the largest and most brazen corporate financial frauds in history." And one investigator gushes, "The whole is truly beyond all limits....In every company we have found forgeries and falsifications of all sorts. But in this case we are really beyond the limits of the imagination." Parmalat Finanziara, the Italian dairy and food giant, is fast joining Enron and WorldCom as a household name for corporate scandal. The alleged financial fraud at Parmalat spans more than a decade and involves sums
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(President), David Shapira (CEO), and Patrick Finn (CFO) felt like they were on top of the world. They had 25,000 employees and sales of more than $ 3 billion. Accounting issues: Phar-Mor bankruptcy was one of the largest private companies in 1992. The fraud was executed primarily by upper management from the President, CFO, and COO to name a few. Phar-Mor executives embezzled money by using it for personal use and creating the World Basketball League. Phar-Mor accounting issues included falsifying financial
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Corruption Sanchit Avasti Roll no. 03 TYBMM Introduction of corruption What is Corruption? In philosophical, theological, or moral discussions, Corruption is spiritual or moral impurity or deviation from an ideal. In economy, Corruption is payment for services or material which the recipient is not due, under law. Corruption means the state of being bad and dishonest, especially in matters concerning money. It creates a very impact to the country's education, occupation, living style
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| | | | |Categories of Computer Crimes | |Tanga R. Payne
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