Term Papers on Computer Crimes from Term Papers Lab.
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Computer Crimes
The computer has evolved a great deal since its creation over a third of a
century ago. The uses of the computer now seem endless. Unfortunately some of
those uses include computer crimes. This paper will explore some recent crimes
that have occurred and the laws that apply to them.
The first such incident took place in Russia between June and October
1994. Six people were arrested in the scheme, in which $10 million was
allegedly shifted from Citibank to accounts in Finland, Russia, Germany, the
Netherlands, the United States, Israel, and Switzerland. Of the $10 million
stolen, $400,000 has not been recovered. The clients who lost money have been
reimbursed. The Citibank system allows customers to transfer their money to
accounts at other banks. The hackers found a way to crack the system and made
about 40 transfers of money totaling more than $10 million. The bank¹s control
system provided the tip to the fraudulent transactions. At least one of......
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Title: Computer Crimes
Approximate Word Count: 757
Approximate Pages: 4 (250 words per double-spaced page)
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