White-collar crime is not new type of offense

Reference no: EM133655097

Question

White-collar crime is not a new type of offense, though advances in technology have altered the scope and appearance of the crimes in this category. For example, in the past, credit card theft was accomplished by stealing the actual card or compromising the card by obtaining carbon copies of credit transactions. In addition, a less powerful Securities and Exchange Commission (SEC) enabled the easy destruction of many paper financial transactions. However, today's modern systems are filled with information that is stored and maintained electronically and thus can be stolen by a computer hacker. Therefore, in terms of identity theft and information-related crimes, people are more vulnerable to mass compromise today than in the past.

Reference no: EM133655097

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