Compute Fraud

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Recommended: Types of electronic fraud

Computer fraud, which is the act of fraud committed via the use of information technology, is a rising concern globally. The various acts that constitute this white-collar crime have grown quickly in the last century. Additionally, investigating and taking legal action against computer fraud perpetrators requires time, money, and knowledge in computer processes, which has made it significantly harder to identify and prosecute computer fraud perpetrators in a timely manner. Some of the many acts that classify as computer fraud are password cracking, email forgery, piggybacking, trap doors, and salami technique. Although computer fraud takes many forms and is rapidly evolving, it can hurt an organization of any nature causing them billions in damages, so organizations should implement measures to prevent, detect, and discourage future computer fraud, such as strong internal controls and altering their systems, so they can better fight computer fraud.
A company cannot necessarily implement measures to prevent and detect computer fraud if the type of incident is not known. One of the mos...

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