Reference no: EM133683795

Discuss how you would use one or more of these techniques to predict, detect, or deter fraud.

1. Debit cards are compromised everyday in different ways. Some tactics you may know are skimming, surfing, and phishing. Skimming is where fraudsters apply a device that lifts card numbers and pin numbers when you use your debit cards in machines like the ATM, grocery store, gas pumps and basically anywhere that accepts debit cards. Surfing is lifting information by going through trash, someone listening in on information being said aloud and just literal looking over your shoulder for your information. Phishing is scamsters posing as a bank, credit card company or any other professional service that has your information. They are really smart and savvy and manipulate and lie to get your information.

2. The crime problem I have chosen will involve inductive and deductive forensics. Perpetrators either hack into someone's bank account or trick victims into giving them access to their account. The perpetrator initiates a wire to be sent to an account not known or understood why a wire is being sent out of victims account. Through inductive forensics, bank software would notice that a wire is being sent that is not in the customers normal transaction amount and possibly that a wire is not a normal type of transaction period. Through deductive forensics, the bank software will also pick up that the ISP address is not a normal location and device being used may not be normal device for victim. Cookies, auth hubs and in-auth hubs are pulled. There are other hidden strategies used for deductive forensics for precaution so the agent does not make the mistake of telling victim or perpetrator how the system knew this wire was a risk to be reviewed. The systems sees all of this data, than selects the wire for further review for the inductive or deductive forensics or both.

3. One of the biggest problems in the digital world is the amount of fraud that occurs in the digital space. Many different types of fraud and tactics are being deployed on individuals as technology continues to evolve. When looking at the different Machine Learning Forensics, Deductive forensics seems to be the best method to collect data, identify crime, and help prevent the occurring crime. With cybersecurity becoming a large part of our world today and many different organizations "bulking up" in the cybersecurity departments, Deductive forensics can be very useful for cyber professionals. Many criminals leave behind a digital trail when they commit a fraudulent crime, using Deductive forensics will allow professionals to see alot in analyzing crime.