"Crooks are getting smarter and technology is getting more advanced, and this makes the crook ahead of the police in the game”
The innovation of new technology not only allow to devise the new means of working and after each new advent of technology, it brings advance and easy to use mechanism and tools which allows entities a better control, methods of operation, utilization of human and other resources. But at the same time it allows the fraudster to also exploit these new mechanisms to commit frauds and other economic/cyber crimes. The main drawback is that by the time, the general public or investigation agencies becomes aware of these novel methods of committing fraud, the fraudster shift to further advance technology. Another drawback with the investigation agency is the availability of technology and knowledge of diversified fields and by the time they try to acquire these skills , it becomes outdated.
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Published In:
Science, Computers & Technology Updates, Securities Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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