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A Quick Guide to White Collar Crime

Take care that you never fall victim to a white collar crime and don’t be afraid to report it to the police if you do

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Cyber crime, U.S. programming
A man types on a computer keyboard in front of displayed cyber code in this illustration picture. VOA

There are many different types of crime all with their own legal definitions and police proceedings. This is because depending on the crime, it will have to be handled in the correct way. White collar crime is one type of offence which is often spoken about as individual crimes but never as one whole genre. What do we mean by white collar crime? Let’s take a look.

What is White Collar Crime?

White collar crime includes; theft, fraud, identity theft and forgery as well as many other types of crime that involve money and are nonviolent. The FBI deals with these crimes in the US, however in the UK, the police will be involved and then will be transferred to a team depending on what the nature of the crime is. There are many different branches of police which deal with these offences, from Vice to the National Crime Agency.

Theft

There are some different types of theft that you can fall victim to, for example, theft of personal belongings, shop goods, robbery, armed robbery and many others. Each of these types of theft can cause a lot of stress to a person and it can be difficult to deal with. When you fall victim to theft, it is always important to report it to the police straight away to make sure the incident can be dealt with as soon as possible. Try to leave the scene of the crime as untouched as possible as that will help the investigation.

Fraud

Another type of white collar crime is fraud; this can happen to anyone and can be done in a number of ways. All it takes is for you to enter your details into a fake website where someone can then access your details and pretend to be you, which means you can then end up losing money. Never open a link in an email if you don’t trust it and always be sure that you don’t give out valuable information like bank account details over the phone.

crime
There are many different types of crime all with their own legal definitions and police proceedings. Pixabay

Forgery Crimes

Like the rest of the white collar crimes, you will find that there are many different ways you can be a victim of forgery crimes. This is because people can forge art and archaeological artefacts and sell them on to buyers at the same price or more than what an original piece would cost.

People also forge items such as documents, designer brands, and even money. When it comes to forgery, sometimes it is impossible to tell if the item is real or not which makes it so hard to tell without expert help. In order to avoid falling victim to a forgery fraud, only purchase items from well-known sellers or seek expert advice before purchasing. Most high-end brands will be able to provide a list of their third-party stockists.

Also Read- Asian Markets Fall Steeply over Signs of Escalating US-China Trade Tension

In Conclusion

Overall, white collar crimes might not always be life-threatening crimes as much as some other crimes can be; however, they can still cause huge stress or impact on the victim’s life. Take care that you never fall victim to a white collar crime and don’t be afraid to report it to the police if you do.

Next Story

Know About the Risks of Intellectual Property Theft

Intellectual Property Theft a Growing Threat

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Intellectual Property
People check out the Pudu delivery robots at the Pudu booth and discuss about the intellectual property thefts during the CES tech show. VOA

By Elizabeth Lee

Intellectual property theft is a growing concern, and it poses a real risk at large conferences where people from around the world are gathered, the Federal Bureau of Investigation said recently.

David Eagleman was one of more than 175,000 people at the Consumer Electronics Show held earlier this month in Las Vegas. He is a Stanford neuroscientist who co-founded a company that creates a wristband that helps the hearing-impaired hear through their skin.

The device was produced after years of research, so Eagleman wanted it well-protected globally.

“We have all the underlying technology patented, so we’re not terribly worried about patent theft. On the flip side, this is a group of 170,000 smart people, and so it’s something that we just have to watch out for,” Eagleman said.

Aaron Rouse, special agent in charge of the Las Vegas division of the FBI, said, ““It does happen from time to time where a piece of product may go missing or somebody has noticed when they get back to their factory that there has been a piece of software that’s been installed onto one of their systems.

“So it’s a matter of being vigilant,” Rouse said.

According to the FBI and federal prosecutors, last year alone, there was a long list of cases of proprietary information being stolen.

They include: a North Carolina man who pleaded guilty of stealing trade secrets from aircraft companies to help a competitor develop anti-ice aircraft technology; a software engineer at a Chicago locomotive manufacturer who was indicted for stealing proprietary information from his company and taking it to China, where he is believed to be living; and a Chinese national working as an engineer in California who was sentenced to 27 months in federal prison for stealing trade secrets from medical device companies and taking them to China.

Intellectual Property
As technology continues to permeate every aspect of life, especially internet file sharing, the FBI warns intellectual property theft is a growing threat that can cost companies billions of dollars. VOA

There are many different types of entities that would benefit from stolen technology. “Could be a criminal organization, could be a foreign intelligence service, could be a competitor,” Rouse said.

At conferences, such as the Consumer Electronics Show, where there were more than 4,000 companies exhibiting and more than 160 countries represented, Rouse said one should be aware of who is handling the technology at all times.

“Before you come out to one of these conferences, [it’s important] to make sure that the equipment arrives intact and on time, that it makes it off the loading dock,” he said. “And then during the time of the convention, who’s handling your your equipment? Who is handling your product, and do they have access or the capability of installing malware onto that product at that time?”

Also Read- New Virus Can Spread Through Human Contact: China

As technology continues to permeate every aspect of life, especially internet file sharing, the FBI warns intellectual property theft is a growing threat that can cost companies billions of dollars. (VOA)