As an electrical engineering staff member at a famous company - ABC, Mr. Smith recently made a decision to resign because he thought that he was not fairly treated and therefore not being promoted. He then immediately joined XYZ, one of the competitors of ABC. As the account and password at ABC were still active, Mr. Smith accessed, copied and brought many innovative engineering designs from ABC to XYZ. Required:

a. Identify and explain the type of fraud that has taken place.

b. What must have motivated the employee to commit the fraud? Explain your answer.

c. List two contributing factors to the type of fraud that had taken place