Comment:
The internet fraud criminal can also be categorized as white collar crime because a lot of internet fraud cases committed by persons at managerial and executive levels as they has a skills and expertise in computer. In this case, close observation for those in these positions are necessary as they are more prone to committing such crimes because of the opportunities available to them by virtue of their positions.
Nowadays, issues related to financial crime, fraud and corruption were a major concern to the government. Internet fraud in Malaysia becoming worst and more serious as between January and August this year, the Commercial Crime Investigation Department (CCID) estimated the loss from various financial crimes at RM546,114,099. As for the whole of last year, the loss relating internet fraud was reported at RM1,988,959,883. It means more then RM1 trillion lost to white collar crime as a whole.
For example, people in highest level in the company which have the authority to enter the system or database must be responsible towards their capability of accessing the company’s information and make sure all the data or information is safe and clean. People with unethical manner intentionally take benefits of their position by altering computer input in an unauthorized way, altering, destroying, suppressing, or stealing output, usually to conceal unauthorized transactions, altering or deleting stored data, altering or misusing existing system tools or software packages, or altering or writing code for fraudulent purposes.
Thus, The development of the Multimedia Super Corridor and the creation of a legal and regulatory framework encompassing, amongst other things, the Communications and Multimedia Act, the Computer Crimes Act and the Digital Signatures Act could reduce the crime over the internet.