Preview

Credit Card Fraud

Powerful Essays
Open Document
Open Document
4212 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Credit Card Fraud
Help (new window) Logout | Monash Email Help |
-------------------------------------------------
Top of Form
Bottom of Form * Basic * Advanced * Topics * Publications * My Research
0 marked items | -------------------------------------------------
Top of Form Interface language: | | |
Bottom of Form | Databases selected: Multiple databases... |
-------------------------------------------------
Top of Form Document View | | | Print | Email | Copy link | Cite this | Mark Document | Translate document from: |
Other available formats: Abstract Full Text - PDF (90 K)
Credit card fraud: awareness and prevention
Katherine J. Barker, Jackie D'Amato, Paul Sheridon. Journal of Financial Crime. London: 2008. Vol. 15, Iss. 4; pg. 398
Abstract (Summary)
To make readers aware of the pervasiveness of credit card fraud and how it affects credit card companies, merchants and consumers. A range of recent publications in journals and information from internet web sites provide corroboration and details of how fraudsters are using credit cards to steal billions of dollars each year. Numerous schemes and techniques are described in addition to recommendations as to how to help control this growing type of fraud. Credit card fraud is a healthy and growing means of stealing billions of dollars from credit card companies, merchants and consumers. This paper offers current information to help understand the techniques used by fraudsters and how to avoid falling prey to them. This fraud relies on technology currently available and the easy ability to obtain machinery to steal individual identities and account information, and to produce fraudulent credit cards. Information cited is

You May Also Find These Documents Helpful

  • Satisfactory Essays

    financial crimes occur (as well as crime in general). The module also focuses on Ponzi schemes.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Randy Vanderhoof Summary

    • 1496 Words
    • 6 Pages

    In 2012, citizens in the United States incurred 47.3% of global fraud. Imagine being one of the 47% who nearly lost everything (Vanderhoof, 213). One has the option to stand up to fraud or sit back and become a victim. Randy Vanderhoof explains the importance of technology in the fight against fraud at length in his article, “Can Technology Protect Americans from International Cybercriminals?” In his testimony, Vanderhoof expresses the importance of EMV (Europay, Mastercard, and Visa) chip technology in the fight against bankcard fraud (Vanderhoof, 212). Vanderhoof cites the high amount of security that EMV chips have beyond traditional magnetic stripe cards. In addition, Vanderhoof cites recent hacking events to illustrate the need for EMV…

    • 1496 Words
    • 6 Pages
    Better Essays
  • Good Essays

    As seen in the video, criminals stealing hard drives from commercial establishments is becoming more common and holds the opportunity for criminals to steal hundreds of individuals’ credit and debit card information. This growing trend puts the consumer at risk for extra charges on their credit and debit cards as well as identify theft. What is even more surprising is that consumers are unaware of the true risks that are involved in using their card at terminals in stores. Moreover, even though businesses are to swipe the hard drives clean each day, many are failing to complete this proper procedure to prevent consumer’s stolen information. To add, where the consumer’s information was compromised is not made available to the consumer.…

    • 666 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Fraud Case

    • 5971 Words
    • 24 Pages

    Xerox Corporation is a global document management company which manufactures and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, and related consulting services and supplies. Xerox is headquartered in Norwalk, Connecticut, though its largest population of employees is based in and around Rochester, New York, the area in which the company was founded.…

    • 5971 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    Fraud

    • 1250 Words
    • 5 Pages

    The main suspects at this time are Ben Hill, Michelle Shelton, Candie Harris, Sam MacCarty, and Phil Ackers. The red flags in this case deal primarily with a lack in segregation of duties. These suspects all juggle multiple roles, some of which are not listed in their job description. Some of these suspects actively seek out additional responsibilities and place themselves in roles where they probably do not belong. Further rationalization for choosing these suspects is outlined below.…

    • 1250 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Billing Fraud

    • 1005 Words
    • 5 Pages

    What is Medical Billing Fraud? It is an attempt to fraudulently obtain payments from insurance carriers. Medicare and Medicaid are the most susceptible to fraud because of their payment arrangements. Fraud in medical billing cost tax payers and medical providers millions of dollars annually. In 1996, HIPPA established the Health Care Fraud and Abuse Control Program (HCFAC) to help combat medical billing and health care fraud. Fraud is an act done with the knowledge that you are doing wrong.…

    • 1005 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Fraud

    • 3763 Words
    • 16 Pages

    company. This company did very well until 1998 when a merger deal collapsed. Scrushy hired…

    • 3763 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    There is many of the America nation that says their identity can’t get stolen, but it can. There is even ways for your identity to be stolen with your credit cards now. Anyone can be the next victim of identity theft. That is why in this research I will tell you how you get identity theft and how to prevent identity theft, because most Americans never know it is happening. Americans need to allow themselves to come to know the cautions of identity theft. There are so many different types of identity theft this day and time. This is why I want to bring to your knowledge about this thing called identity theft.…

    • 930 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Healthsouth

    • 2259 Words
    • 10 Pages

    Rossbacher, H. H. (2006). The business of corruption, or is the business of business corruption? Journal of Financial Crime, 13(2), 202-213. doi:10.1108/13590790610660917…

    • 2259 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Having identity stolen is a violation to personal information, the feel as though being robbed. Henderson reported that identity theft is the fastest growing crime in North America (Henderson). This type of crime cost businesses millions of dollars per year. With the increase in identity theft, there are several measures which people can take use for protection in the event of an identity being stolen. With most credit card companies, there is a charge of an additional $3.95 per month to offer an identity theft and credit protection. In the event that a security breach happens and an identity is stolen the company will contact all credit cards issued and close the accounts. They will also work with the banks in blocking all or any bank account from being accessed to detour any future accessibility of the individuals assets.…

    • 2706 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    Fraud

    • 9526 Words
    • 39 Pages

    Rezaee, Z. (2005). Causes, consequences, and deterrence of financial statement fraud. Critical Perspectives in Accounting. 16, (2005), 277-298.…

    • 9526 Words
    • 39 Pages
    Powerful Essays
  • Powerful Essays

    Ansari, Kashif Mateen., Dealing with organised financial crime, (The News International Lahore Edition August 29, 2004)…

    • 8899 Words
    • 36 Pages
    Powerful Essays
  • Good Essays

    web forms

    • 615 Words
    • 3 Pages

    When a visitor enters information into a web form displayed in a web browser and clicks the submit button, the information is sent to a server where a server-side script or application processes it. The server responds by sending the processed information back to the user (or client), or by performing some other action based on the form’s contents.…

    • 615 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Smoking

    • 3547 Words
    • 15 Pages

    www.Helpguide.orgReprinted with permission for personal or non-profit use. Visit www.helpguide.org to see the article with links to related articles. © Helpguide.org. All rights reserved.This material is for information and support; not a substitute for professional advice.How to Quit SmokingA Guide to Quitting and Kicking the Habit for Good…

    • 3547 Words
    • 15 Pages
    Good Essays
  • Good Essays

    social crime

    • 1719 Words
    • 7 Pages

    Prevention: How can we prevent credit card fraud? New technology makes it harder and harder to prevent credit card fraud because thieves are always discovering new ways on how to crack and steal credit card and bank account numbers. There is no prevention that can stop credit card fraud 100% of the time,…

    • 1719 Words
    • 7 Pages
    Good Essays