This website uses cookies to ensure you have the best experience. Learn more

White Collar Crime Essay

887 words - 4 pages

White Collar Crime

Principles and Theory of Securities Management
For: Professor Leiman
By: Jaime Gwidt
June 25th, 2016
This paper will cover the security crimes of credit card and health care fraud. It will discuss how these crimes are committed, their impacts on organizations and the tools a security professional has available to reduce opportunities for such crimes to occur. It will also cover an example of how credit card fraud was discovered and discuss possible measures that could have deterred those found guilty.
Credit Card Fraud
Credit card fraud occurs “when consumers give their credit card number to unfamiliar individuals, when cards are lost or stolen, ...view middle of the document...

“Preventing credit card fraud often requires more than one solution. You may find that you need to check IDs and signatures, look for security features, such as holograms, and verify that the address, ZIP code and telephone number you are given matches the cardholder's account information” (Meyers, 2016). You may also request verification codes for online transactions as part of your prevention process. If you've received a very large order from a new customer, you may decide to do some extra checking before you ship it out. Likewise, you may decide to be particularly cautious about accepting international orders, calling the card's bank to verify the information you've received from the purchaser.
Health Card Fraud
Health care fraud occurs when “false or misleading information is provided to a health insurance company in an attempt to have them pay unauthorized benefits to the policy holder‚ another party‚ or the entity providing services. The offense can be committed by the insured individual or the provider of health services” (IFPA, 2016).
In 2011, $2.27 trillion was spent on health care and more than four billion health insurance claims were processed in the United States (NHCAA, 2016). It is a reality that some of these health insurance claims are fraudulent. Although they constitute only a small fraction, those fraudulent claims carry a very high price tag.
The National Health Care Anti-Fraud Association (NHCAA) estimates that the financial losses due to health care fraud are in the tens of billions of dollars each year (NHCAA, 2016).
Whether you have employer-sponsored health insurance or you purchase your own insurance policy, health care fraud inevitably translates into higher premiums and out-of-pocket expenses for consumers, as well as reduced benefits or coverage. For...

Other Essays Like White Collar Crime

The Role of the Internet and Crime

968 words - 4 pages perpetrators. (Hinduja, 2013) The role viruses, other malicious code, and phishing attacks play in aiding this criminal activity. Security threats to the Internet are increasing at an alarming rate. It is therefore essential that both Internet users and service providers clearly understand those threats and how best to protect themselves from such threats. White-collar crime is a criminal act that arises from opportunities created by a person’s

What Is Crime Essay

1905 words - 8 pages considered by the term sin, where do you draw the line as to what is considered as a criminal act or not and is it just the existence of different laws that can cause these crimes. Many sociologists have constructed definitions of what they think crime is, however social construct, countries policies, white collar crimes, ideological census all need to be looked at and therefore defining the word crime produces many difficulties as to what behaviours

Marxist Theories (Crime and Deviance)

1753 words - 8 pages as vandalism however, crime is not just linked to the working class. It can be found in all classes. There is competition among capitalists. Greed and self-interest may lead to capitalists committing white collar/corporate crimes such as tax evasion. This is known as a ‘dog eat dog’ system. Gordon (1976) found that crime is a rational response to the capitalist system though statistics make it seem to be a working class problem. It is found in all

Dishing the Dirt on White Collar Crimes

2847 words - 12 pages Dishing the Dirt on White Collar Crimes A subject which is very interesting to me is white collar crimes. There are so many white collar crimes, and we will look at various cases such as larceny, forgery, computer fraud, credit card fraud, identity theft, embezzlement, welfare fraud, and extortion just name a few. Some of these crimes are very well known, while some are not though it still remains that the crime was committed. Some would

The Nature of Crime in Society

2071 words - 9 pages . Crimes such as cybercrime, drug crime and white collar crime have seen a considerable increase in recent years, transitioning into crimes far more prominent then violent crime. According to the Australian Institute of Criminology “in 2010, there was a substantial increase in the number of notifications of compromised websites” (2011, p. 71). This increased marked a 255% increase from 2009 with only 8166 cases as opposed to the 28, 989 cases reported

The Benefits of Crime in Society

758 words - 4 pages takes the light off the other white collar crime that is going on under tables of high business. The impacts of crime and anti-social behavior can include criminal damage to public and private property, homes, shops, schools, highway signs. This could include stealing highway signs, shooting them with a rifle or paint balls, spray painting graffiti on signs, walls or windows. It is perceived that in today’s society that we should fear crime

Crime Is A Social Construct

1936 words - 8 pages Sutherland was the first sociologist to study this area known as 'White Collar Crime' in 1949. Let us now look at crimes of the powerful and the less powerful. There are two main points; deviance is a product of unequal power relations and equality in general. Despite the fact that the law is in favour of the dominant class, some of its members do break the rules for their own gain. Power and equality affect the quality of deviant acts. Thus, people that

Functionalist Explanations to Crime and Deviance

1339 words - 6 pages have the success goals. Retreatist represents alcoholics and drug abusers who have lost the institutional means and success goals and finally Rebellion represents activists such as Hippies who do not have societies success goals or the institutional means but forge their own. Merton’s theory is criticised as it ignores white-collar crime and is seen as deterministic by social action theorists. Marxists disagree that society defines what the

The Dangers of Internet Fraud

798 words - 4 pages money or valuable information, although financial gain is not always the intention. Some Internet crime associated with cybercriminals aim for “bragging rights” by overcoming government and corporate cyber security measures. The Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C) is warning the general public to be aware of cybercriminals and offers some tips on reducing cyber threats. In a 2014 IC3 annual

Assess the Value of the Right Realist Approach to Crime and Deviance. (21 Marks)

684 words - 3 pages . Therefore, if a society is well kept, crime is less likely to be a reoccurrence. Right realists, are once again criticised for focusing too much on petty street crimes, such as graffiti and vandalism. They ignore the hidden figures of crime which tend to be corporate and white collar crimes, such as fraud and breach of health and safety laws. Right realists also argue that crime is due the lack of adequate socialisation within the underclass

Models of Organized Crime

532 words - 3 pages . Organized crime recruits from a variety of participants of skilled workers with a history of criminal activity such as theft, violence and drugs to educated white collar individuals who work in corporate and political settings. Bureaucratic and patron-client organizations are two categories that further identify the style of management and recruitment followed by members of organized crime. A bureaucratic organization follows the enterprise

Related Papers

White Collar Crime Essay

2574 words - 11 pages White-Collar Crime Introduction White-collar crime is not a crime that is easy to define. There are many different crimes that are all considered to be white-collar crimes. In other words, white-collar crime is a big bubble that has all kinds of other crimes inside of it. The crimes that are in the category of white-collar crime vary in severity and jail time, but all of them essentially have to do with personal or corporate financial gain

White Collar And Organized Crime Essay

1014 words - 5 pages White Collar And Organized Crime In the twentieth century, White Collar and Organized Crimes have attracted the attention of the U.S. Criminal Justice System due to the greater cost to society than most normal street crime. Even with the new attention by the Criminal Justice System, both are still pretty unknown to the general public. Although we know it occurs, due to the lack of coverage and information, society does not realize the

Lying, Cheating, Stealing: White Collar Crime

1080 words - 5 pages Lying, Cheating, Stealing: White-Collar Crime “Lying, Cheating, Stealing. That’s white-collar crime in a nutshell.” That is how the Federal Bureau of Investigation describes crime committed by corporations (FBI—White-Collar Crime). These crimes include fraud, identity theft, internet swindles, money laundering, price-fixing, embezzlement, political corruption, police brutality, and much more. Conklin (2010) defines white-collar crime as

Intro To Crime Essay

2000 words - 8 pages Introduction Crime is a broad topic that cannot easily be defined or measured. To fully understand crime, one must consider a wide range of crime types such as, the characteristics of offenders and victims, the various ways that crime is defined and sources of data or information about crime in our society. This essay looks at 4 major segments of modern day crime, property crime, white collar crime, violent crime and internet crime and will