Insurance fraud

was entered. With the judgement entered and debt being incurred, the CEO and CFO of Bara had left the country and returned to South America. Additionally, the 125 employees had quit and only one low-level lab technician had remained. Evidence of fraud is seen in the emptied bank accounts and pension funds. All major assets aside from some lab equipment, which are most likely not worth much, are left. Additionally,…

Bribery and corruption is an issue that is very happening in most of the countries. What is bribery and corruption? Bribery is a practice of offering something to gain certain advantage, for example: money, assets, gift and so on and so forth, and corruption is when an individual itself abuse its power to gain an undue advantage. Bribery is an unethical behavior and it is also very unfair practice, for example: the employer pay people for their normal job is called wage, and when the employee…

Before the Sarbanes-Oxley Act, in health care frauds, it has been the companies that have paid large settlements and the executives responsible have walked away with their profits. However, with this Act, executives are now personally responsible for any misstatements. The main objective of the Sarbanes-Oxley Act was to “enhance corporate responsibility, enhance financial disclosures, and combat corporate and accounting fraud” (sec.gov/about/laws.shtml). “This Act requires that Chief Executive…

Targeted Attack Ramsonware has been a one of the main cyber threats to business organization. Ransomware are usually targeted organization since the main objective of the attacks is to ask for money from the victims. Organizations created and stored numbers of information or data in their system everyday which are increasing from day to day. Moreover, cybercriminals has already learnt an investigated about their victims before attacks, for sure they will targeted an organization that earns such…

BenQ, a Taiwanese-based company, grabbed the headlines all over the world on June 7, 2005 when it acquired Siemens Mobile, a lose making mobile phone division of Germany’s Siemens and later launched the brand, BenQ-Siemens. Subsequently the acquisition proved to be a strategic mistake, as the two companies could not successfully integrate. In October 2006 BenQ-Siemens filed for bankruptcy in a Munich court, surprising every one. This sparked a debate in Germany over whether BenQ had acquired…

Demonetization As demonetization took place, usage of digital payment methods like e-wallets, e-banking, debit and credit cards have increased and will go on to make a systematic cashless infrastructure; as demonetization came as a shock to Indians. Such a step was taken for taking notice of illegal activities, tax evasion, etc, due to which people were depositing currency notes in bank accounts showing unaccounted income, all of which was subject to higher tax and penalties. 1 Demonetization…

nearly $101 billion in 2000. At the end of 2001, it was revealed that it’s reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, known as the "Enron scandal". Enron has since become a popular symbol of wilful corporate fraud and corruption. The Enron scandal was a financial scandal involving Enron Corporation and its accounting firm Arthur Andersen that…

What do you think of when you hear the word “Hacker”? You probably think of some criminal trying to gain access to your bank account or take over your technology. The term “hacker” has gotten a bad reputation due to their portrayal by the media. The word “hacker” has been changed so much by the media that people believe all hackers are criminals and want to do harm. However, this is not the hacker's goal. The truth is hackers are people who intend on bettering the system., besides all of the…

Introduction Statement of the Problem Cybercrime is a word used to portray criminal action involving computers or computer networks being used as an instrument, an objective, or a setting of unlawful acts and incorporate everything from electronic cracking to denial of service assaults. It is likewise used to describe conventional misdeeds where computers or networks are used to facilitate criminal activity. Cybercrime can involve computer viruses, cyberbullying, cyberstalking, identity theft…

Missed Alarms and 40 Million Stolen Credit Card Numbers: How Target Blew It 1. Who are the stakeholders in the Target breach? The main stakeholders are their shareholders, the clients that had their personal information stolen, and individuals with an ongoing connection with Target organization whose personal information was or might have been compromised. Stakeholders who are affected or worried that they might be harmed start to mistrust the firm and its complacent-sounding promises. 2. What…