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White-Collar Crimes: An Alarming Trend

Raghav Mittal

India

68-78

Vol: 6, Issue: 4, 2016

Receiving Date: 2016-07-27 Acceptance Date:

2016-10-11

Publication Date:

2016-11-04

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Abstract

Improvement or advancement, in any perspective, means to improve, no matter how small it is, a system. Betterment is a basic process to improve the system than what it presently is rather than to remove all the shortcomings present. The subject of white-collar crimes and its eradication is a good way to understand the topic of betterment truly. In simple words, white-collar crimes are offences that are punishable by law because these felonies affect individuals or organizations financially (loss of financial resources) or socially (loss of reputation). The list of white-collar crimes has been increasing exponentially over the past few years, whether it be Edward Snowden oozing National Security Agency‟s classified information (Leith, Bengali and Cloud) or it be Mr. Belfort operating a boiler room as a penny stock scam. But the felonies that has been the primary concern for the security agencies all over the world is Cybercrime, which is executed using networks and computers.

Keywords: cyber attacks; National White Collar Crime Center(NW3C); cyber crime

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