Risk IdentificationEssay Preview: Risk IdentificationReport this essayOnline FraudBusinesses that sell products online have much great risk of fraud than traditional brick and mortar establishments. Fraud is a serious risk for all online retailers and the number of reported cases increases each year. In 2004, online fraud cost merchants $2.6 billion. The damage done to business that experience fraud can potentially take years to recover, if the business can recover at all.
Business ImplicationsThe implications of online fraud are extensive, requiring a paradigm shift in security in order to avoid losses due to criminal activities. No longer can security be an after-thought, it is a critical component of business intelligence, planning and strategy.
As the Internet became main stream, businesses had to protect themselves against hackers that caused temporary outages, denial of service and defacement. Today, business still need protect themselves against hackers, but now they also have to protect themselves against criminals that access systems and steal data in order to sell it for profit. Another disturbing trend involves criminals finding security holes and extorting money from businesses in order to protect the publicizing of the vulnerability.
Business intelligence needs to incorporate criminal intelligence by means of risk assessments. Businesses need to defend against cyber-criminals by broadening the security programs to include personnel, physical and financial assets as well as services. Businesses need to monitor all activities, including those of business partners. Background checks should be run on any person or organization that is linked to the business systems. Businesses offering financial services also need to prevent money laundering by identifying and implementing safeguards. Lastly, businesses need to form communities with other organizations and law enforcement in an effort to keep abreast of recent threats and preventative measures.
SECTION 2. LEGAL INFORMATION
The U.S. Congress gave a final report to Congress in November 2012 on combating terrorist organizations and counter-terrorism. Section 2(b) of the Congressional Action and Response Act of 2012 defines “terrorist organization” as the “same as any other federal law enforcement, fiscal, regulatory or other authority to carry out human rights or international peace or stability operations.” Terrorism and extremist terrorism and the associated criminal organizations act in the same manner.
The U.S. and other nations must act quickly to combat the spread of terrorism and extremist terrorism in the world. Effective legislation to stop or de-radicalize terrorist groups in the first place must be developed and implemented, but no country, except the United States, will ever have to admit or maintain a large numbers of people who will be directly involved in their acts of terror. This threat level will only increase.
President Obama said in 2009, “We may be in a fight in the Middle East, because they will have a bigger hand in this, there will be more and more weapons, better computers, better technology.” With the continued expansion of terrorist organizations, the United States will continue to stand by and be a bulwark against terrorists and the dangerous forces that threaten mankind, and the United States takes immediate action to secure its border and counter these threats.
The Government Accountability Office recently reported that the FBI, Department of Homeland Security, FBI Homeland Security Counter Terrorism Center (HSCTC), the Drug Enforcement Administration (DEA), the FBI Counterterrorist Center (ACCC), and all six agencies together comprise about one-fourth of all U.S. law enforcement agencies.
The United States has more than two million law enforcement officers and nearly 80,000 law enforcement training positions, including as many as 16,700 as part of the National Counter Terrorism Center’s (NCTC) Homeland Security Training.
The DHS has trained the nation’s most experienced law enforcement officers. This includes: officers from the federal government, federal agencies, state and local law enforcement agencies, and local law enforcement officials. As part of their field training, law enforcement units have received a special training program, which includes training on the use of military, federal resources, and state resources.
The U.S. Department of Homeland Security (DHS), which serves in all four levels of government from the State and local level to national security and foreign affairs officials, has also trained law enforcement officials in several training courses. The DHS also has provided training to federal correctional officers and other staff in prisons and detention centers.
The Department of Justice (DOJ) supports U.S. law enforcement across borders and provides $17.2 billion to fight terrorism, the most of any U.S. agency and a major source of jobs for all U.S. citizens and visitors.
The U.S. has increased its counterterrorism efforts in recent years. In 2012 and
SECTION 2. LEGAL INFORMATION
The U.S. Congress gave a final report to Congress in November 2012 on combating terrorist organizations and counter-terrorism. Section 2(b) of the Congressional Action and Response Act of 2012 defines “terrorist organization” as the “same as any other federal law enforcement, fiscal, regulatory or other authority to carry out human rights or international peace or stability operations.” Terrorism and extremist terrorism and the associated criminal organizations act in the same manner.
The U.S. and other nations must act quickly to combat the spread of terrorism and extremist terrorism in the world. Effective legislation to stop or de-radicalize terrorist groups in the first place must be developed and implemented, but no country, except the United States, will ever have to admit or maintain a large numbers of people who will be directly involved in their acts of terror. This threat level will only increase.
President Obama said in 2009, “We may be in a fight in the Middle East, because they will have a bigger hand in this, there will be more and more weapons, better computers, better technology.” With the continued expansion of terrorist organizations, the United States will continue to stand by and be a bulwark against terrorists and the dangerous forces that threaten mankind, and the United States takes immediate action to secure its border and counter these threats.
The Government Accountability Office recently reported that the FBI, Department of Homeland Security, FBI Homeland Security Counter Terrorism Center (HSCTC), the Drug Enforcement Administration (DEA), the FBI Counterterrorist Center (ACCC), and all six agencies together comprise about one-fourth of all U.S. law enforcement agencies.
The United States has more than two million law enforcement officers and nearly 80,000 law enforcement training positions, including as many as 16,700 as part of the National Counter Terrorism Center’s (NCTC) Homeland Security Training.
The DHS has trained the nation’s most experienced law enforcement officers. This includes: officers from the federal government, federal agencies, state and local law enforcement agencies, and local law enforcement officials. As part of their field training, law enforcement units have received a special training program, which includes training on the use of military, federal resources, and state resources.
The U.S. Department of Homeland Security (DHS), which serves in all four levels of government from the State and local level to national security and foreign affairs officials, has also trained law enforcement officials in several training courses. The DHS also has provided training to federal correctional officers and other staff in prisons and detention centers.
The Department of Justice (DOJ) supports U.S. law enforcement across borders and provides $17.2 billion to fight terrorism, the most of any U.S. agency and a major source of jobs for all U.S. citizens and visitors.
The U.S. has increased its counterterrorism efforts in recent years. In 2012 and
SECTION 2. LEGAL INFORMATION
The U.S. Congress gave a final report to Congress in November 2012 on combating terrorist organizations and counter-terrorism. Section 2(b) of the Congressional Action and Response Act of 2012 defines “terrorist organization” as the “same as any other federal law enforcement, fiscal, regulatory or other authority to carry out human rights or international peace or stability operations.” Terrorism and extremist terrorism and the associated criminal organizations act in the same manner.
The U.S. and other nations must act quickly to combat the spread of terrorism and extremist terrorism in the world. Effective legislation to stop or de-radicalize terrorist groups in the first place must be developed and implemented, but no country, except the United States, will ever have to admit or maintain a large numbers of people who will be directly involved in their acts of terror. This threat level will only increase.
President Obama said in 2009, “We may be in a fight in the Middle East, because they will have a bigger hand in this, there will be more and more weapons, better computers, better technology.” With the continued expansion of terrorist organizations, the United States will continue to stand by and be a bulwark against terrorists and the dangerous forces that threaten mankind, and the United States takes immediate action to secure its border and counter these threats.
The Government Accountability Office recently reported that the FBI, Department of Homeland Security, FBI Homeland Security Counter Terrorism Center (HSCTC), the Drug Enforcement Administration (DEA), the FBI Counterterrorist Center (ACCC), and all six agencies together comprise about one-fourth of all U.S. law enforcement agencies.
The United States has more than two million law enforcement officers and nearly 80,000 law enforcement training positions, including as many as 16,700 as part of the National Counter Terrorism Center’s (NCTC) Homeland Security Training.
The DHS has trained the nation’s most experienced law enforcement officers. This includes: officers from the federal government, federal agencies, state and local law enforcement agencies, and local law enforcement officials. As part of their field training, law enforcement units have received a special training program, which includes training on the use of military, federal resources, and state resources.
The U.S. Department of Homeland Security (DHS), which serves in all four levels of government from the State and local level to national security and foreign affairs officials, has also trained law enforcement officials in several training courses. The DHS also has provided training to federal correctional officers and other staff in prisons and detention centers.
The Department of Justice (DOJ) supports U.S. law enforcement across borders and provides $17.2 billion to fight terrorism, the most of any U.S. agency and a major source of jobs for all U.S. citizens and visitors.
The U.S. has increased its counterterrorism efforts in recent years. In 2012 and
Fraud can be costly, however there are indirect costs associated with fraud as well. Fraud can damage a companys reputation resulting in significant fallout, which could lead to a decrease in stock value. Customer confidence decreases, resulting in reduced revenues and profits. Finally, employee morale can suffer, causing a decrease in productivity and high turnover.
Legal ImplicationsThe government has had to step up to the plate, creating news laws governing how certain industries must do business. Businesses need to keep abreast of regulations governing their business practices. For example, in October 2005, the Federal Financial Institutions Examination Council (FFIEC) updated their guidance, “Authentication in an Internet Banking Environment,” to take into consideration the many legal and technical changes pertaining to the protection of client data, increased number of theft and fraud cases and enhanced authentication technologies. The guidance addresses the need for risk assessments, customer awareness and risk mitigation strategies. The guidance provides financial institutions with guidance on authentication and addresses suitable risk assessments, client authentication, validation of new clients, as well as tracking and reporting.
Businesses need to do everything in their power in order