the criminal can do such crimes as fraud, theft of service, theft, threats and even harassment. Another method involves converting legitimate computer processes for illegitimate purposes. Crimes in this category include fraudulent use of automated teller machine (ATM) cards and accounts; theft of money from accrual, conversion, or transfer accounts; credit card fraud; fraud from computer transactions (stock transfers, sales, or billings); and telecommunications fraud. Crimes in which the computer
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The postscript also will relate subsequent important events in the telecommunications industry, the effect of WorldCom's problems on its competitors and labor market, and the impact WorldCom had on the lives of the key players associated with the fraud and its exposure. From Benchmark to Bankrupt Between July 2002 when WorldCom declared bankruptcy and April 2004 when it emerged from bankruptcy as MCI, company officials worked feverishly to restate the financials and reorganize the company. The
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existed for many decades, I have conducted research regarding the definition of white collar crime, the history of white collar crime, the different types of white collar crime that affect businesses directly and indirectly, goals of white collar crime, fraud statistics and the cost factors related to white collar crime. White collar crimes and business ethics play hand in hand with one another and often cross the line with one another into criminal behavior. White collar crimes have played a very
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Chaos in the Caribbean Strayer University Forensic Accounting and Fraud Examination ACC 571 Dr. Timothy Brown ------------------------------------------------- 1. Evaluate Avey’s role as an expert witness for the Jamaican government. Avey and his firm were hired by the Jamaican government starting in the early in the 90s to investigate accusations of fraud and mismanagement and prepare reports outlining his findings starting with the Blaise Merchant Bank and Trust Co which spread to
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the Internet leaves almost permanent traces motivated offenders might refrain from crime once realizing they can somehow be identified” The statement might be more believable were there not proof that I think proves otherwise case in point financial fraud ring recenetly nabbed it stands to reason that among the person nabbed were web designers and computer experts. I think these people bassed on their areas of expertise had to know that traces of their activities would be left behind and the assumed
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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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|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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