Global Fraud: A Growth Industry.While the overall Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. has been hammered since mid-2000, one high-tech industry is growing: white-collar crime white-collar crime, term coined by Edward Sutherland for nonviolent crimes committed by corporations or individuals such as office workers or sales personnel (see white-collar workers) in the course of their business activities. . Money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. , business fraud and cyber (1) From "cybernetics," it is a prefix attached to everyday words to add a computer, electronic or online connotation. The term is similar to "virtual," but the latter is used more frequently. See virtual. crime are growing fast -- with technology fueling the boom, cites a special report. Inside Fraud, Update on Business Crime takes a hard look at business fraud on an international scale and reports on the latest tools and alliances being formed to com bat it. The publication is one of a series produced by the Forensic and Investigative Services practice of Deloitte & Touche. It includes a briefing page with news updates on fraud-fighting techniques in Europe and the U.S. and a new Internet See Web 2.0 and Internet2. Fraud Complaint Center (www.ifccfbi.gov). The report is produced with the FBI and the U.S. Justice Department. Among the topics covered: unmasking the enemy within, in which an ex-prosecutor offers key steps to successful investigation; fighting cyber crime, since the worst is yet to come; money laundering; global asset tracing; planning a perfect recovery; and details on an antifraud investigation. |
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