Investigation in Cybercrime (Banking Sector) Literature review

Investigation in Cybercrime (Banking Sector) - Literature review Example The types of crimes committed involve money laundering, accounts hacking, credit cards passwords retrieval, figures fudging ,all these crimes are quite common in modern day and for this purpose various entities have been formed that are specialized in looking after crimes performed over the internet and use of electronic equipments in banking sector . A survey conducted by C.E.R.T stated that only in the year 2003, a total of 666 million US Dollars were fudged by cyber crimes in the field of business [1].These are either as a result of an insider, or intruders that use the tactic of phishing and impersonating as the real owner of account .The banking sector in broader spectrum consists of private and public sector, corporate enterprises and foreign banks. It is being stated that one in 20 credit card holders come across credit card fraud and total amount reported due to this wrongful act results in total of 4 billion US Dollars annually. The concerned authorities look into various as pects of the crime committed, they are well prepared and trained to look into the technical aspects of the crime .Once a crime is committed , the first and foremost step by the administrative authority is to freeze the evidence. Mostly the evidence is in form of electronic traces, this includes the id used, the internet route used , portable hard drives, credit card skimmers, and the I.p addresses of the users that have accessed any account. Different tactics are used for performing these tasks, usually creation of website in part of the world other than the place where the culprits are operating from. Computers can either be the victim or the source for committing any wrongful act. This may also include any phone calls made pertaining to the crime. Online banking means are quite common these days. Auctions conducted online are another soft target for cyber criminals. Embezzlement of approximately 135 Million Euros took place through the use of card over internet .in the year 2010, online banking fraud resulted in loss of 46.7 million Euros [2].Online banking fraud takes places when the victim’s information is accessed and transactions are made pretending to be the real owner of account .it is being reported that 30 percent of the banking sector crimes that take place have internal employees involved in it directly or indirectly. A new York based bank Union Dime Saving Bank came across cyber crime when a total of $1.4 million U.S were embezzled through a crime committed through use of computers and accounts tracing[3]. While unearthing the crime in banking sector an important aspect of the overall investigation process is to ensure the originality of the evidence which is in form of digital evidence. The court needs the evidence in its original form. Electronic evidence is normally quite fragile therefore it demands extra care. Damaged or altered evidence is no good and cannot be presented in court of justice. The people employed must be aware of the fa ct that special care is needed in handling the evidence and they are provided with proper training on this matter. The digital evidence is just like D.N.A or finger prints evidence that is spotted on the scene. The â€Å"

MKTG 406 = MID EXAM & FINAL EXAM Assignment Example | Topics and Well Written Essays - 6250 words

MKTG 406 = MID EXAM & FINAL EXAM - Assignment Example This can be anything, a stable income or job, etc. The next level of needs which is requirement by the person is the need of love and society. The sense of belongingness is his concern at this stage. He or she starts a family and wants to become a part of the society. The next step in the level of needs is the requirement of self esteem. The person wishes to have a successful carrier and wants to be known for his success. He or she thinks himself or herself to be special. Once the self esteem stage has been achieved, the person goes on to the final level of needs known as the self-actualization. This need is way more important than anything; the aspirations come into play over here. Now having discussed the Maslow’s Hierarchy, let us go on to relating these 5 levels of needs with marketing. As the person goes through the different level of needs, he is always influenced by the some products or services at some point of time. In the first step where the person is looking for the basic needs such as food and shelter, he or she will try to select a food is cheap at the same time nutritious, the advertisement displayed or shown will play a major role in his choice. Similarly, in the second stage the person is looking for security and safety. The security can job or life insurance. Again in this situation, the various firms will try to divert his or her mind to purchase their product or services by saying how different and exclusive their services are. This way the person may or may not get manipulated in purchasing the above services. Again in the next three stages also there are various forms of marketing involved which are used against the consumers. For e xample Vodafone might call a person saying that he or she is their most valued customer and that is he or she is being offered a new mobile connection free of charge. This in return tends to affect the person emotionally and the person will most likely go ahead with the deal. Another