The Detection and Control over the offences of White Collar Crimes, Frauds and Hacking of information, by using effectively the relevant Software and Electronic Devices

Dr. Aftab Ahamd Malik, Dr. Mujtaba Asad, Dr. Waqar Azeem

Abstract

In both developed and emerging nations, fraud, white-collar crime, and malpractices in small and medium-sized businesses, banking, and other sectors are on the rise. The criminals are carrying out their fraud-related offenses by using the most up-to-date information technology structures and similar electronic media to create unjust loss and harm in the fields of white-collar crimes, banking, business, and to persons. The goal of this research paper is to make these businesses understand the need of utilizing the most up-to-date, trustworthy, and legitimate software and the necessity of making their networks more secure from external threats. The thieves are able to accomplish their goals thanks to the usage of sophisticated features for tracking and hacking private information utilizing software and information technology resources. In essence, their tactics rely on deceit and dishonesty to harm others. In essence, their methods of operation rely on deceit and dishonesty to commit the crime. Employees of the affected organizations are frequently complicit in banking and white-collar scams, aiding and abetting outside criminals by transferring sensitive information. Parody, distortion, misrepresentation, twisting of the fact or truth, and concealing of actual information that is harmful to another person are all examples of fraud. The legislation's attempt to punish fraudsters seems extremely naive. There are many reasons why criminals flee, including the fact that their identities are frequently kept a secret. The criminals are able to move toward exoneration and freedom due to a lack of evidence, shoddy investigation, and naive prosecuting tactics. The fraudsters possess high-quality Software Engineering Tools and Electronic Equipment to commit offenses of such to harm entrepreneurs, financial organizations, and commercial banks by depriving and extracting information and money from the concerned accounts, Technically and operationally feasible and valuable suggestions for implementation are presented in this paper to safeguard the Networks of organizations.