Nobody downloaded yet

Identity fraud its impact and the case for prevention - Essay Example

Comments (0) Cite this document
This paper is about the identity fraud in our modern world. With identified fraud crossing the £14 billion mark during 2008 in contemporaneous UK business settings, the arena is now all set to tackle it with determination, not only due to its perceptible legal immunity but also the detriment it poses to the UK economy…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
Identity fraud its impact and the case for prevention
Read TextPreview

Extract of sample "Identity fraud its impact and the case for prevention"

Download file to see previous pages The paper describes and shows identify fraud from all sides. Identify fraud could be said to be crimes committed through impersonation. The most common bad act is the crime of credit card fraud, but mortgage fraud, and also gaining access to the finances of a specified targeted person or a frame of a targeted person falls within what mass media reports of identity theft have included. Identity fraud is one of the crimes which spread widely. For every one identity is important. In the present time it is a valuable commodity. Importance of identity protection needs to be reinforced with time. That means the introduction of internet banking, debit or credit cards,
E-commerce etc. need to be doubly protected against infiltrators or fraudsters who design to commit large scale fraud through misuse and misrepresentation of true identities. Though the internet creates milestones in the milieu of information technology, it could often fall prey to criminal brains and their perpetrations. Thus, the propensity for thefts is on the increase and the chances of detection are also on the increase. So the user must be aware of identity fraudsters and the scam in their field. Users need to stake their true identity to prove who are authorized to use credit cards, operate bank accounts, and obtain bank loans, or to claim any other benefits. Lack of proper and due care with respect to identity protection could make one an unsuspecting victim of identity theft, and even when this is detected, it may be too late to remedy.
...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Identity fraud its impact and the case for prevention Essay”, n.d.)
Identity fraud its impact and the case for prevention Essay. Retrieved from
(Identity Fraud Its Impact and the Case for Prevention Essay)
Identity Fraud Its Impact and the Case for Prevention Essay.
“Identity Fraud Its Impact and the Case for Prevention Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Identity fraud its impact and the case for prevention

How to Build a Fraud Prevention System

People commit fraud because they are motivated to do so, they get some opportunity or they are part of the familiar fraud circle. Fraud detection and prevention are very crucial in order to avoid the risk of frauds. Frauds can be detected by scrutinizing the documents and by accessing detailed information about all the employees and management. Frauds can be prevented by better controlled environment and improved internal control structure. Proactive approach in preventing fraudulent transaction is the best way to protect a company and its assets. The point to ponder is that what could be done if the company faces damages. Banking and insurance sectors are attractive places for fraudsters because of their involvement in high amoun...
68 Pages(17000 words)Dissertation

Goldman Sachs Fraud Case

...not declare the illegality of Goldman Sachs action. As such, the case cannot be said to have been brought to its logical conclusion. # 5 Steps that could have mitigated or prevented the Misconduct An effective ant-fraud strategy mainly incorporates four main components: prevention, detection, deterrence, and response. Attitudes that prevail within an organization lay the foundation for a high or low fraud risk environment. Goldman Sachs should not promote an environment that perpetuates leniency to fraud since maintain high ethical standards mainly bring lone-term benefits to the organization and its...
8 Pages(2000 words)Research Paper

Madoffs Fraud Case

... Madoff’s Fraud CaseFraud cases are not a rare spectacle in Wall Street courts. While some of these cases go un- noticed, cases involving big names such as Madoff, the cases raises eyebrows, and makes headlines. Madoff was a respected and renowned businessperson in the Wall Street, regarded as the founder of market making. He started his own firm 50 years ago, that was involved in the business of creating an avenue for buyers and sellers of stocks to interact while doing business. He said that he earned the capital he invested in the business from Far Rockaway as lifeguard earnings. His firm was a major contributor to...
5 Pages(1250 words)Research Paper

Workplace violence: Its impact and strategies for prevention

...? Running head: workplace violence Workplace violence: Its impact and strategies for prevention. MAN 316 Billy Student Name: Katinee Reddock Date: Apr 01, 2013 Table of Contents 1. Introduction 3 2. Literature findings 3 3. Analyses and critique 5 4. Conclusions 6 References Appendix 1. Introduction: Workplace violence has received much attention not only in organizational settings but also from other entities such as the government, law agencies, healthcare organizations, and society in general. Increasing numbers and types of violent activities at workplace have alarmed and caused employers as well as other entities to adopt some serious measures to prevent them....
4 Pages(1000 words)Research Paper

Columbia HCA Fraud Case

... Columbia HCA Fraud Case Introduction Business firms are established so that individuals can gain profit and make a living. However, to what extent should it go to achieve their goals? The case study relates the fraud allegation against Columbia HCA, a hospital corporation that has seen remarkable growth and success. It is alleged that the corporation engaged in fraudulent claims to acquire more money from Medicare – a government health care support. In this paper, I will be determining the internal and external factors which led to the situation, the path that the Board of Directors should take and the mechanisms that should be employed to prevent...
12 Pages(3000 words)Essay

Internet Fraud and Identity Theft

...Internet Fraud and Identity Theft Abstract In this study, threats to transaction over internet by the mean of credit card would be addressed followed by recommendations for their prevention. 1. Introduction Finance and banking are currently accessible to even home computer users [1]. With a range of IT, nowadays users can order highly modified product [2]. For majority ecommerce businesses, the up-and-coming web channel for purchasing, distributing and marketing has created enormous opportunities for reaching out to new markets and customers [3]. Internet is a reasonable development in communications that looks huge in scale as all progress at once [4]. 2. Overview For credit card...
4 Pages(1000 words)Essay

Teresa Reifs Insurance Fraud Case

...without its internal controls detecting that a fraud was being committed in the payroll. In addition to lack of strong internal control systems to prevent and detect fraud in time, the company had no external auditor to assist in the fraud discovery. For instance, Durand (2011) reported that Reif started under-reporting the payroll from 2003 to 2008 without detection. This was partly attributed to lack of external audit teams, to assist in detection the fraud early enough before Reif could commit such a fraudulent act in the payroll. How the fraud was accomplished From the excerpt of the case, we...
7 Pages(1750 words)Research Paper

Martha Stewart Fraud Case

...Martha Stewart Fraud Case Introduction Martha Stewart is an American writer, business magnate, former fashion model and popular television. She gained huge success through the variety of several business ventures as the founder of the Martha Stewart Living Omni media. Her variety of business ventures include broadcasting, publishing, electronic commerce and merchandising. She became one of the popular business entrepreneurs through her written electronic commerce books and magazines. Martha Stewart convicted of several legal charges, such as ImClone insider trading affair in the year 2004. The essay will assess the Martha Stewart fraud case and codes of ethics...
3 Pages(750 words)Essay

Insurance Fraud and its Perpetration

...establishment which is mainly an independent team that has years of experience and functions in the international scene. This organisation supplies risk reviews for its organisations, and also offers information on subjects concerning fraud prevention and risk management. The Xhire Anti Fraud Network is another team that is made up of British companies that have banded together for the purpose of fighting fraud in different industries. This network has an email network, as well as a public website that seeks to inform its clients on matters concerning fraud. Conclusion In the UK, insurance firms have come to the...
7 Pages(1750 words)Essay

Multiculturalism in America and Its Impact on the American Identity

...its own individuality, its own culture. Multiculturalism in America and its impact on the American identity is constantly debated, where one side calls it the essence of American society whereas the other side consider it a threat to the American identity. (Rodriguez n.p) America is a multicultural society, where different cultures coexists alongside each other. Multiculturalism started as a movement at the end of the 19th century in United States and Europe. The mass immigration of southern and eastern Europeans and Latin Americans were the driving forces behind it. The genesis of multiculturalism was the concept of cultural pluralism....
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Identity fraud its impact and the case for prevention for FREE!

Contact Us