Computer Forensics And Credit Card Fraud

Computer Forensics and Credit Card FraudVincent YorkProfessor Jeremy LivingstonAmerican Military UniversityISSC351November 18, 2018AbstractWhile Information and Communication Technologies (ICT) have made quite an entrance in the contemporary time-period by transforming it into the Digital Era, it has also brought along substantial risks. Perhaps one of the most noteworthy marvels of ICT is the invention of plastic money or electronic money, mainly including credit / debit cards and ATM cards. In no time, the number of credit card users around the world increased from thousands to millions, mainly because of the convenience, efficiency and the fact that it eliminates the need to carry hefty amounts of paper money in wallets. Not to mention, the elevated risks associated with carrying paper-money have been eliminated completely. However, it is rather unfortunate that the cybercriminals have mustered up more sophisticated means of compromising the security of credit cards. To name a few, identity theft and credential leakage are prominent credit card frauds that are not new to the face of the digital world. The purpose of this paper is to review and assess two major credit card fraud-detection techniques,