Fraud - Ebusiness Use in the United Arab Emirates - Essay Example

 The case revealed that he had committed fraud against older bank customers as long as 20 years previous to this incident by exploiting the footprints that these customers used in the signing of transactions. The fate of the misappropriated funds cannot be confirmed by the prosecution until the end of the investigation. Likewise, it is unclear at this point what steps will be taken to avoid this kind of fraud in the future.

In my opinion, the types of organizations that are most susceptible to fraud are large organizations like this UAE bank. The size of an organization can make identifying fraud a difficult and expensive process and provides more of an opportunity to "hide" fraudulent activity. Also, since these large businesses are somewhat anonymous, it might be less of a moral problem to commit fraud. Though in this case, stealing from the elderly is especially bad due to the usually high regard of older people in the UAE (Jewels et al., 2009).