Fraud Techniques
In the modern society, many organizations across various industries are increasingly vulnerable to electronic fraud. The threat of electronic fraud across these industries is particularly worsened with the emergence of computer fraud. Actually, computer fraud and crime has continued to be a major concern in the recent past since computer processing can evade the conventional security and control measures. However, computer fraud doesn't necessarily involve the use of micro-computers as it just makes electronic fraud and computer crime easier. The threat of electronic fraud is also a major concern across various industries because modern technology offers fraudsters with powerful new cracking tools for electronic safe. Notably, these crimes can be severe since electronic fraud can take place for extended periods before discovery, which in turn results in considerable losses and damages.
Forms of Fraud Techniques:
Since fraud is undoubtedly not a new concept and did not emerge with the beginning of the Internet, fraudulent activities are much easier to penetrate on the Internet. This is mainly because the widespread access to the Internet has provided many criminals with increased access to victims and a relatively wider area to perpetrate the offenses (Easttom & Taylor, 2011, p. 184). There are various common fraud techniques that have emerged in the recent past such as:
Auction Frauds:
Auctions have developed as one of the major areas through which the Internet has significantly expanded crime opportunities. This is mainly through...
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