Credit card fruad Essay Example | Topics and Well Written Essays - 20000 words

Credit card fruad - Essay ExampleThe sundry(a) methods and techniques by which opinion villainy fraud is countermanded or mitigated are also presented, pursuant to the scheme of situational crime prevention from the viewpoint of the individual, business firms, and the crime enforcement authorities. Other than the common typologies presented, seven case studies in particular are detailed with the intention of highlighting the special circumstances that set the case situations away from the common types of card fraud. The unique situations may or may not easily lend themselves to situational crime prevention the latter pertaining to terrorist activities in particular but all of which crime enforcers are mandated to address and judge a solution to.The proposed research will examine one of a number of growing crimes that is perpetrated everywhere the Internet via the World Wide Web (WWW). Specifically, it will look at credit card fraud. Although credit card fraud is not new, som e form of fraud involving credit cards has existed for decades the growth of technical transactions over the WWW has made these crimes a major consideration for law enforcement agencies. This is because criminals are exploitation new ways to steal technologies, merchandise from retail outlets, and cash from automated teller machines (ATMs).Credit posting Fraud is a species of salary card fraud, defined thus Payment card fraud is a generic term used to describe a range of offences involving theft and fraudulent use of payment card placard data. Frequent types of payment card fraud include lost or stolen card, account takeover, counterfeit card, application fraud and card not present. (Interpol, 2009)Incidents of payment card fraud became increasingly far-flung following the technology boom in the nineties because its easy money to steal. As a result, many another(prenominal) industrialised countries and countries that have advanced economies are trying to deal