Computer Fraud Essay - 1185 Words

Computer Fraud As much as $40 billion are lost every year due to flourishing computer crimes. In 1993 alone, Internet, the world wide system of computer networks, was swindled out of approximately $2 billion, and about $50 million were stolen from various companies such as GTE Corp., ATT, Bell Atlantic and MCI ( Meyer and Underwood 45). Ironically these same organizations have been collaborating with software manufacturers for an expanded software production ( Cook 53 ). Multinational corporations and international authorities are threatened by these innumerable white collar crimes since such crimes are most difficult to prevent, and/or detect and highly profitable to the offenders ( Stern and Stern 525 ). This ever growing menace to†¦show more content†¦In 1994 only, companies estimated to have lost $8 billion due to piracy ( Hall and Vancura 108 ). Figure 1 How to prosecute offenders? Furthermore, Internet Frauds are very difficult to prevent because a long time is required for most of t hem to be discovered. For instance, law enforcers need not only at least equal scientific and technical ability as the offenders, but also precious time and energy to examine company books and accounts to unravel such crimes ( Croal 14 ). It is also felt that prosecution is often incorrect and counter productive (Southerland 85). When the crimes are uncovered, the laws are too vague and too limited for proper prosecution ( Stern Stern 528 ). The complexity of Internet fraud makes it very difficult for legislators to estimate the extent to such offenses, thus leaving many loopholes to be exploited by alert offenders. Moreover, Internet offenses and offenders do appear to enjoy structural advantages, and the outcome of the policies pursued by law enforcers is that many avoid public prosecution and punishment ( Croal 91). Furthermore, it is widely believed that so little has been done to prevent such computer crimes although adequate defensive technology is available for such preven tion because computer owners and governments are arrogant and apathetic ( Schwartau 313-314 ). Nevertheless, at some point in the very near future, they will not afford any longer to be so.Show MoreRelatedComputer Fraud And Abuse Act ( Cfaa ) And Cyberbullying Essay1665 Words   |  7 PagesEmily Jessep Intellectual Property Crimes Professors Dreyfuss and First November 15, 2016 INCOMPATIBLE: The Computer Fraud and Abuse Act (CFAA) and Cyberbullying I. Introduction The Computer Fraud and Abuse Act (CFAA) does not cover cyberbullying done via social networking websites and should not be used to prosecute it. Application of the CFAA to cyberbullying prosecutions is inconsistent with the intended scope of the statute and the existing interpretations of its provisions. 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