Question
One of the fastest-growing concerns is that of cryptocurrency and the lack of regulations concerning this type of currency. Money-laundering cases show how cybercriminals use
One of the fastest-growing concerns is that of cryptocurrency and the lack of regulations concerning this type of currency. Money-laundering cases show how cybercriminals use digital currency to conduct their fraud schemes.
With technology, fraud investigators will also use technology to investigate, track, and monitor fraud. The digital footprint will allow investigators to gather more data on fraud and make analytical patterns about fraudand even predict fraud in the future. As fraudsters use technological advances, organizations and fraud investigators must also use technology to combat the fraudsters.
For this weeks assignment, you will write a paper covering the use of technology in fraud examination and the role digital currency may play in the commission of fraud. Case 3.4 is available to you in this weeks resources. This assignment provides some flexibility in that you are examining two items: cryptocurrency and technology (IT, Internet, etc.).
Be sure your paper includes the following:
- Identify current ways the fraud examination profession is addressing this type of fraud.
- Address specific issues related to cryptocurrency.
- Incorporate common themes from the cases related to the weeks topic, including some background on each case.
- Include lessons learned from the cases collectively.
- Offer recommendations to prevent future occurrences.
- Include research from the scholarly sources for the week to support your case information.
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