Accounting for Crime
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Putting finaglers in jail may make the White House look tough, but it won't clean up corporate ledgers
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Dating, negotiating, fragging and making money.  Play and its consequences.
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Local law enforcement is now making 'counterfeit chic' seizures, but should taxpayers pay to protect corporate bottom lines?
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Honesty isn't always the most profitable policy.
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A convicted and registered offender writes in with his side of the story.
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Paper files exempt The Government's planned two-year jail sentence for information thieves will not apply to people who steal or trade in personal information from most manual filing systems. Apart from some Government files, the penalties will only apply to electronic databases.â¦
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UK.gov = number one victim Organised gangs pushed the value of fraud to a 12-year high last year, with the UK government being the largest victim of their criminal activities, according to a new survey.â¦
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Cybercrime reporting confusion The HMRC child benefit data loss debacle has reinvigorated calls to establish a central police unit to tackle cybercrime. Business leaders are expressing concern that not enough is being done to help victims of computer crime, who are unsure of who to turn to in the event of being subjected to computer-related fraud or attack.â¦
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The crime rate in Philadelphia may be worse than people thought. The city today said it is working with University of Pennsylvania criminologist Richard Berk to develop software that can forecast who might commit murder.
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Fraud is costing the UK at least Â£20bn a year, or Â£330 for each person in the UK, a police study warns.
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NEW YORK -- Americans lost about $49.3 billion in 2006 to criminals who stole their identities, an 11.5 percent decline that may reflect increased vigilance among consumers and businesses, a study released yesterday shows.
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Hackers are finding financial rewards in their actions, and criminals are increasing their dependence on IT. The combination, and the increased technical sophistication of the bad guys, worries a top federal prosecutor.
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THE fight against money laundering is costing banks and other financial institutions dear as they invest heavily in technology to combat crime, according to a survey by KPMG.
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It's called 'murderabilia'âthe buying and selling of items connected to grisly crime scenes. And it's a brisk business online. Inside the campaign to police the murder market.
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The music industry's trying to use the current legal system to get around decisions made by legal systems past, says InfoWorld's Robert X. Cringeley. The upshot? We're all thieves -- yes, you too.
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How to understand a company's assets and liabilities.
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(InfoWorld) - Fraud investigators are struggling to cope with vast quantities of data sent to them by financial institutions, meaning some crimes may go uninvestigated or even unnoticed, experts said on Wednesday. The issue is prompting banks and other financial institutions to ask law enforcement and regulators to share with them more of the data they have aboutÂ suspicious transactions, in order to better combat fraud. Banks and transfer agencies are required by regulators in the U.S. and the U.K. to file reports when they detect a potentially illegal transaction, said Olga Maitland, head of the International Association of Money Transfer Networks, at the Fraud World 2007 conference in London. Up to 300,000 Suspicious Activity Reports (SARs) are filed per month in the U.S., and up to 200,000 a year in the U.K., but most of those reports "disappear into a black hole" because law enforcement agencies don't have the resources to investigate each one, she said. If another financial institution is mentioned in a report, it may not even know about the suspicious activity if the report is filed by a different institution. "If there is indeed a crime taking place, then that is carrying on undetected," Maitland said. Colin Woodcock, head of the fraud section for the U.K.'s Serious Organized Crime Agency (SOCA), said the SARs program has resulted in "huge amounts of information ... which it was difficult to do anything with." "Let's not forget they are suspicious activity reports," Woodcock said during a panel discussion. "Now, if the police or anybody really were expected to act on everything that is suspicious, we would be bogged down in the first five seconds of operation." The quantity of reports has also created a need for greater computing power, he said. The U.K. has made some progress, according to Woodcock, and opened up access to the SARs database to other police forces such as HM Revenue and Customs, the U.K.'s tax authority, which can use it for their own investigations, he said. But sharing the SARs data with financial institutions raises huge concerns around confidentiality and privacy, Woodcock said. It could mean the disclosure of "very embarrassing" information about banks, he said. SARs were "given to us by industry to make the best use law enforcement can make of it, not to go and share it with everybody and say 'Look at what NatWest just told us," he said. "There are huge problems there." (NatWest is a major U.K. bank.) SOCA has started issuing alerts about problem trends, Woodcock said, but Maitland countered that the information is not in-depth. Money transfer networks have blossomed into a trillian-dollar industry. If SOCA can share its information more, by being "less restrictive, less confidential," it would lead to a greater reduction in fraud, Maitland said.