Buy custom Impact of Online Identity Theft on consumers & organisations
Essay's paper info
| Topic: |
Technology
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| Number of pages / Number of words: |
5 / 1223 |
Essay's paper body
Due to this big scam the bank had to close down its online operation in 2005 because the system was penetrated once.
The following are facts taken from experian white paper on internet Fraud Company base:
? 9 of 10 fraudsters get away with their crimes because only 9% of online fraud case reported to police result in a prosecution
? 70% of companies surveyed agreed that internet is the most risky way to the market, due to the fact that 52% of companies agree that internet fraud is a problem within their company and 55% admits that it’s a growing concern in their company
? Retailers become aware of the criminal activity far too late to take action, 48% claims it takes up to a month before they are aware of what is happening and 18% admits it takes them up to 7 weeks
? Only 15%of companies have automated systems in place to detect fraud and others companies are hesitate to bring in 3rd party to help verify customer details such as name and address
? Fraudsters are more confident in their ability and the weak systems that they spend little or no time at all to cover up their tracks
? 58% of those surveyed believe that on line fraud is a barrier preventing successful trading on the internet...
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Due to this big scam the bank had to close down its online operation in 2005 because the system was penetrated once.
The following are facts taken from experian white paper on internet Fraud Company base:
? 9 of 10 fraudsters get away with their crimes because only 9% of online fraud case reported to police result in a prosecution
? 70% of companies surveyed agreed that internet is the most risky way to the market, due to the fact that 52% of companies agree that internet fraud is a problem within their company and 55% admits that it’s a growing concern in their company
? Retailers become aware of the criminal activity far too late to take action, 48% claims it takes up to a month before they are aware of what is happening and 18% admits it takes them up to 7 weeks
? Only 15%of companies have automated systems in place to detect fraud and others companies are hesitate to bring in 3rd party to help verify customer details such as name and address
? Fraudsters are more confident in their ability and the weak systems that they spend little or no time at all to cover up their tracks
? 58% of those surveyed believe that on line fraud is a barrier preventing successful trading on the internet...
Essay fragment
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