CYBER FRAUDS
By
SAI SRI MOURYA PUSULURI
Technological advancements have always been a boon and a bane for the human. The Internet is one such thing that humans have found out of the technological advancements. The number of users of the internet has grown exponentially. The evidence is not only demonstrated by figures in developed countries but also in developing countries like India. Internet technologies have been adopted for multiple applications like E-Government, E-Learning, and E-commerce. Many prior studies have found out that internet provides many advantages. For instance, Flexibility and efficiency are primary advantages which can be achieved. However, Internet has several disadvantages in name of cyber fraud, cyber bullying, and cyber terrorism etc., which remain as some serious threats to society. Recent reports have found that such incidents have been increasing in number and so are the victims and losses.
It is no doubt that the technology has the lives but on the other hand it is being used to take undue advantage. So one of such undue advantage we are going to discuss here is Cyber Frauds. Let’s have a view over the terms “Cyber” as well as “Frauds”.
• Cyber - Cyber means something that is relating to or characteristic of computers, Information technology, and virtual reality.
• Fraud - Fraud is a deliberate deception to secure an unfair advantage or deprive a victim of legal right. A fraud can be a civil wrong or a criminal wrong.
What is Cyber
Internet as one of the most significant inventions in the 21st century broads our horizon, connects the world together and completely rewrites the human history. However as every other technology, Internet has its own limitation which is its anonymity. As Internet and computer have taken over more and more operations, devious people began to utilize internet to commit crimes or even planning terrorist attack. Argomaniz (2014) claimed that terrorists might take advantages of the information technology to destroy the operation system of electricity, public transportation and etc.
On December 14, 2017, Title II Net Neutrality was repealed. Dictionary.com defines net neutrality as “The concept that broadband Internet service providers should provide nondiscriminatory access to Internet content, platforms, etc., and should not manipulate the transfer of data regardless of its source or destination.” Title II regulations classified the internet as “a public utility,” and “required internet service providers or ISPs to treat the traveling on their networks equally.” These rules were put in place to stop ISPs from “throttling” connection speeds to certain sites, and charging customers for access to the internet through “packages.” Internet service providers, such as Comcast, Verizon, and AT&T, provide access to the internet
A great example of fraud was when Peter and the two employees hacked the corporate system in order to transfer money to their personal accounts. Moreover, theft is executed when they stole the copier machine with the only intention to destruct it. These types of frauds have been considered misappropriation of assets since both, the money and the copier machine, were counted as a part of the company assets and they as employees of the IT company abuse of their job positions to benefit their personal needs through the omission of fraudulent
Does this type of fraud have a technical term? Explain the fraud that happened. ponzi scam. The term "ponzi scam" refers to illegal business practices that use
Now focusing on cyber security and communication security which are the following parts that make up the national security. Each one of these parts are responsible for a specific function. Cybercrime is attacking the information systems, sometimes identity theft, but in some cases fraud. By providing insight into causes of cybercrime, its participants their motivations, then we identify some of the major issues dealing with these crimes. With cybercrime being nondiscriminatory, also dramatically increase.
INTRODUCTION Telehealth is the use of electronic communication and information technologies to provide health care when distance separates the medical professional from the patient. It includes using equipment such as computers & other interactive multimedia for creating access between patient and the physician. ADVANTAGES OF TELEHEALTH For patients – 1.With the help of Telehealth programs, we can expand access to care more patients, who are outside the care delivery system, as well as for patients in emergency situations especially in rural areas where there is a shortage of specialist health care professionals 2.
The Internet is used worldwide and supplies all the information we could ever want to access, but behind the glittering front the Internet presents, there are troubles and conflicts. Today the Internet is used, but not all the users are aware of how controlling the Internet is over them. The Internet consumes time out of millions of lives everyday because the wonders of technology so easily
Day-lee Foods Embezzlement case Who? Yasuyoshi Kato 40 years old Chief financial officer of Day-Lee Foods (Large Japanese meat packing company) Company based in Santa Fe Springs, California To explain all of this money, he would say that he was the inventor of Nintendo Biggest case of embezzlement in U.S. history (up to 1997) His identity is now protected impossible to find pictures of him online What is day-lee foods, inc Subsidiary of Nippon Meat Packers of Osaka5
Cyber criminals use the information they collect from a victims online platforms to illegally gain access to the victims bank account and credit cards. These criminals later use this information to steal money from the victim's accounts or take loans using the victim's name (Lai, Li, & Hsieh, 2012). Driver's license identity theft: Criminals use the information they obtain from victims social media platforms to steal or forge drivers licenses that have the victim's name. They then use these stolen licenses when they are caught thus implicating the victim in a crime he was not aware
Credit card fraud is a type of identity theft where a hacker steals the credit card information of a user to purchase something or withdrawing money from banks. It’s a critical crime in United States (Sayles, 2012). Everything is online now from paying bills to online purchase, a user can do anything without going anywhere physically. Even user can open a financial account. Because of this criminal can hack the user’s personal information like name, date of birth, social security number.
Multiple countries throughout the world have internet access at their fingertips and are able to find the answer to their questions instantly. “As of June 2017, 51% of the world’s population has internet access. In 2015, the International Telecommunication Union estimated about 3.2 billion people, or almost half of the world’s population, would be online by the end of the year” (Gordon). Billions of people use the Internet each and every day to research topics, check their social media, and communicate. The nation as a whole has become extremely dependent on technology to do their work and survive through the day.
"While the Internet-based economy provides many benefits, it also raises new concerns for maintaining the privacy of information. “Internet privacy is the privacy and security level of personal data published via the Internet. It is a broad term that refers to a variety of factors, techniques and technologies used to protect sensitive and private data, communications, and preferences.â€[1] As the federal government’s National Telecommunications and Information Administration (NTIA)[2] explains: Every day, billions of people around the world use the Internet to share ideas, conduct financial transactions, and keep in touch with family, friends, and colleagues. Users send and store personal medical data, business communications, and even intimate conversations over this global network.
CHAPTER I INTRODUCTION The Internet has become the most frequently used media for the past two decades (De Leo & Wulfert, 2013). In fact, its users are increasing day after day. The Internet has brought many benefits to numerous societies and individuals, and that includes information searches, communication, commercial activities, and entertainment (Kraut et al., 1998; Korgoankar, & Wolin, 1999).
There are two main types of broadband connection, a fixed line or its mobile alternative. Both have their strengths and potential weaknesses so you need to consider what suits your needs before you sign up on a lengthy contract. Fixed line broadband is what most people have at home. It 's a fast internet connection delivered by telephone wire (ADSL) or fibre optic cable. As the latter is now capable of speeds in excess of 100Mb, an increasing number of homes have "superfast" fibre optic connections.
CYBER CRIME Cybercrime is one of the fastest growing type of crime in our society today and have also been a serious problem since it causes a lot of damages and also affect us in different ways. But before I go further let me start by telling you the meaning of cybercrime, Cybercrime is different and more heinous than normal crime that we know. This crime is committed in an electronic medium and here means read is not a requirement and is done in secret Feldman(2013). Cyber war takes place largely in secret, unknown to the general public of crimes include pornography, cyber fraud, defamation, cyber stalking, harassment, IPR theft, data hostage, money laundering, phishing, e-mail bombing, cyber war, illegal monitoring. Secondly let me talk about the effect of cybercrime in our society today.