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CHAPTER 5 - FRAUD - Coggle Diagram

- - - - 3.
        Unintentional acts such as accidents or innocent errors and omissions, is the greatest risk to information systems and causes the greatest dollar losses. The
        Computing Technology Industry Association estimates that human errors cause 80% of security problems. Forrester Research estimates that employees unintentionally create legal, regulatory, or financial risks in 25% of their outbound e-mails
        
        An international act such as computer crime, a fraud, or sabotage which is deliberate destruction or harm or system
- - - - An intent to deceive
        
        A justifiable reliance; that is, the person relies on the misrepresentation to take an action
        
        An injury or loss suffered by the victim
- - - - INVESTMENT FRAUD- Misrepresenting or leaving out facts in order to promote an investment that promises fantastic profits with little or no risk
        
        MISAPPROPRIATION OF ASSETS - Theft of company assets by employees
        
        FRAUDULENT FINANCIAL REPORTING - Intentional or reckless conduct, whether by act omission, that results in materially misleading financial statements
- - - - LAPPING - Concealing the theft of cash by means of a series of delays in posting collections to accounts receivable
        
        CHECK KITING - Creating cash using the lag between the time a check is deposited and the time it clears the bank
- - - - COMPUTER INSTRUCTIONS FRAUD - Computer instructions fraud includes tampering with company software, copying software illegally, using software in an unauthorized manner and developing software to carry out an unauthorized activity
        
        DATA FRAUD -Illegally using, copying, browsing, searching, or harming company data constitutes data fraud. The biggest cause of data breaches is employee negligence.
        
        OUTPUT FRAUD- Unless properly safeguarded, displayed or printed output can be stolen, copied or misused. Some monitors emit television like signals that with help of some inexpensive electronic gear can be displayed on a television screen.