Technology and White-Collar Crime Management Assignment

Technology and white-collar crime
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According to the Federal Government of Investigation, white-collar crimes refers to criminal acts perpetrated by individuals that command a lot of respect from the society and who are at a high social standing at their places of work (Barnett, 2002). These include identity theft and internet fraud schemes.
Identity theft refers to all criminal acts whereby an individual illegally obtains and uses another individual’s private information to commit fraudulent activities and dishonesty for financial gain (The United States Department of Justice, 2017, Feb 7). Identity thieves commit this heinous crime by retrieving an individual’s full names, social security number and credit card information and utilizing it to make payments for goods and services, apply for loans, credit, get medical help and file taxes among others. On the other hand, The Federal Bureau of Investigation asserts that internet fraud schemes are criminal acts that utilize internet services and software connected to the internet to defraud victims or take advantage of them. On estimate, these schemes steal millions of dollars every year from unsuspecting people through methods such as compromising business and individual emails, data breaching, denial of services, use of malware, ransomware, and phishing (Federal Bureau of Investigation, 2017).
The advancement in technology has seen people relying on the internet to conducting numerous tasks, which require individual data such as PINs, bank information, and social security data. Criminals take advantage of this information to commit identity theft through hacking people’s networks where they steal data, passwords and confidential information (Taylor, Fritsch & Liederbach, 2015). Also, technology enables phishing of data, whereby criminals masquerading as genuine businesses through fake emails, electronic advertisements, and fake websites trick people to provide personal information, which they later use to commit criminal offenses. Equally, the advancement of inte...