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Essay / Research Paper Abstract
20 pages in length. The continued progress of technological advancement represents a double-edged sword with regard to pertinent social, political and economic issues. That computers have granted society the opportunity to move beyond the conventional restrictions associated with day-to-day tasks cannot be argued; however, the extent to which these same computers have been the target of a new breed of criminal lends to the heightened security that must exist in order to challenge such fraud. Bibliography lists 18 sources.
Page Count:
20 pages (~225 words per page)
File: LM1_TLCfraud.rtf
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Unformatted sample text from the term paper:
with day-to-day tasks cannot be argued; however, the extent to which these same computers have been the target of a new breed of criminal lends to the heightened security that
must exist in order to challenge such fraud. II. BREACHES New technology has taught the global society to appreciate and rethink old
skills, technologies and values. The ways in which this observation is true can fill volumes; however, one only needs to be familiar with but a few examples in order
to understand the role technology has played in recent history with regard to security fraud. Inasmuch as technological diversification has allowed humanity to pursue goals and dreams once thought
to be an impossibility, there seem to be fewer and fewer limits placed upon what mankind can ultimately accomplish. However, the drawback to all this at-the-speed-of-light technology is the
manner by which hackers are more readily able to infiltrate private and often highly confidential information. One of the ways in which technology
is making it increasingly easier for people to live is through the online banking industry, which represents just one sector of commerce where beating the clock and waiting in long
lines are becoming a thing of the past. There is no question that the concept of Electronic Funds Transfer, which has been in the works for over twenty years,
has taken a stronghold upon society with its incredible ease and convenience. The object of the whole system is to one day completely eliminate the use of cash and
paper checks, rendering all retail transactions totally paperless. To be sure, there are a number of advantages to such a system, not the least of which is the potential
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