The criminal can stole the victim mail and take the advantage to approve the credit card offer. Second are phishing. According to Margaret Rouse, phishing is the fraud that tricks people to click at the malicious link in order to break into computer’s
(Vanessa paige, C., 2017). 3) RATIONALIZATION- Person believe that it is justified to commit the fraud. It could be due to job dissatisfaction, poor working environment. The person usually does not think about the consequence of their action. For example employee was treated badly by the manager, OT hours wasn’t paid to him which let him believe company owed him so he decided to get back what he deserve by committing
Since then, the FBI has made preventing terrorism its number one priority (Federal Bureau of Investigation). In order to effectively prevent terrorism, the factors that cause it must be known. After extensive research, the causes of terrorism can be attributed to religion, economic deprivation, and globalization. Religion is one of the key factors that influence
However, the reason may not be the environment under which business and personal communications are conducted. The complexities in catching cyber-criminals has meant that, in the past, many have gotten away with their crimes and do not face the same punishment as traditional criminals, which most likely lead to the attraction of committing the crime in the first place. Formerly violent offenders have increasingly turned to cyber-crime as a low-risk way or perpetrating lucrative criminal acts. There is lack of visibility that cyber-enabled fraud enjoys compared to other real-world kinds of crime making it extremely hard to monitor and police (Leppard,
Insider Trading: This crime involves the use of confidential and secret information to trade in shares of public corporation. Insurance Fraud: This crime involves usage of false statement and evidences to get benefits from insurance schemes. Investment Schemes: Investment scheme fraud involves convincing people to invest in a fake or temporary business activity, by ensuring them huge profit margins. Kickback: This crime occurs when a person who sells an item pays back a part of the purchase price to the buyer. Money Laundering: This crime involves hiding of sources of illegal obtained money through foreign banks, overseas companies and illegal transactions so that government could not track the illegal activities and person can get tax exemptions.
• CASH MANAGEMENT STRATEGY Every business needs cash; cash is the blood that runs through the veins of every company that keeps the company alive and active. When a company keeps good cash management systems it makes the company healthy and strong. It’s obvious that every good and striving business operate very effectively when there is enough cash flow to cover its liabilities. In operation the use of cash is a clear evidence for transaction, and it’s the essential element for business transaction. Cash involves any legal tender and any form of generally accepted payment, this includes, coins, currencies, cheques, wire or swift transfers, and automated clearinghouse.
Often scams come in the form of e-mail messages from someone you don't know asking you for personal information like Social Security Number, passwords, or Credit card information. Before sending any type of information make sure it is a legitimate source. Criminals have a strategy of pretending to be a protective systems agency or internet provider trying to persuade individuals online that they should release valuable personal information (Dmitry and Baumer 2014). Analysis Fraud can happen anywhere at any time. Internet fraud is at our finger tips.
Equity The basic accounting equation, also called balanced sheet equation, represents the relationships assets, liabilities and equity of a business. It also offered us 3 amount related to each other which is easy to understand. The accounting equation for a sole proprietorship is: The accounting equation for corporation is: 1. Equity – Resource that provide by the owner of the company to the business. Drawings meaning withdrawals made by the owner for personal use.
3. THEROTICAL BACK GROUND. MEANING. In corporate finance, asset management is the process of ensuring that a company 's tangible and intangible assets are maintained, accounted for, and put to their highest and best use. Asset management is the process of guiding the acquisition, use and disposal of assets to make the most of their service delivery potential and manage the related risks and costs over their entire life.
Consumers should carefully check and verify purchases made on their bill. Criminals can try to make small purchases that many people may miss or not care about, but could lead to bigger purchases and other problems down the road. The more cases investigators have the easier it can be to pinpoint the cause, which can give further clues into who the criminals are. To help with this many banks offer smartphone applications that allow users to log into their accounts and view pending transactions, allowing them to quickly report unknown transactions before more harm is