Scam artists use new technology

Tuesday, 29 April 2003, 12:25 AM EST

As war and terrorism preoccupy the nation, scam artists quietly continue to devise clever ways to rip off consumers and companies.
"Fraud is everywhere, and it is getting much worse," says Jim Baker, a former homicide investigator with the Dallas Police Department and now the head of Baker Technologies, an investigative firm in Rowlett, Texas.

Last year, U.S. companies lost $600 billion to fraud — a 50% jump from $400 billion in 1996, according to the Association of Certified Fraud Examiners, a worldwide group of fraud investigators and auditors.

The Internet, new software, wireless and other computer technology ensure the rapid spread of new scams.

And the scams will be hard to slow, with the public and law enforcement still more concerned about street crimes than financial wrongdoing, Baker warns.

[ Read more ]





Spotlight

Is it time to professionalize information security?

Posted on 23 May 2013.  |  The issue of whether or not information security professionals should be licensed to practice has already been the topic of many a passionate debate.


Daily digest

By subscribing to our early morning news update, you will receive a daily digest of the latest security news published on Help Net Security.
  

Weekly newsletter

With over 500 issues so far, reading our newsletter every Monday morning will keep you up-to-date with security risks out there.
  

 
DON'T
MISS

Fri, May 24th
    COPYRIGHT 1998-2013 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //