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A week ago
Why are most fraud not being reported or prosecuted?
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Accounting Information Systems
Edition: 14th
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A week ago
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Most fraud is not reported or prosecuted for the following reasons: (1) Companies are reluctant to report fraud because it can be a public relations disaster. The disclosure can reveal system vulnerabilities and attract more fraud or hacker attacks. (2) Law enforcement and the courts are busy with violent crimes and have less time and interest for computer crimes in which no physical harm occurs. (3) Fraud is difficult, costly, and time-consuming to investigate and prosecute. (4) Many law enforcement officials, lawyers, and judges lack the computer skills needed to investigate and prosecute computer crimes. (5) Fraud sentences are often light.
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