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by Derek A. Bloom Fall 2002 Issue The roller coaster ride of Internet stocks masks an underlying fact: Cyber commerce continues to grow and along with it, cyber fraud. Experts say fraud is increasing and that the number of people committing fraud is burgeoning as techniques for committing fraud now become available to a wider pool of criminals. The right individual armed with a computer can do more damage to a com p a ny than a conventional criminal. Frictionless electronic commerce lowers transaction costs and speeds the supply chain, but it also enables criminals to attack with anonymity, sometimes hitting hundreds or thousands of companies at the same time and from parts of the world where they can be relatively immune from prosecution.

by Derek A. Bloom Fall 2002 Issue The roller coaster ride of Internet stocks masks an underlying fact: Cyber commerce continues to grow and along with it, cyber fraud. Experts say fraud is increasing and that the number of people committing fraud is burg