To test new changes in a program, State Bank instructed and approved that the system...
60.1K
Verified Solution
Link Copied!
Question
Accounting
To test new changes in a program, State Bank instructed and approved that the system development team (headed by Tom) use false names, addresses, and social security numbers to create a database representing ten percent of the Banks customer accounts. To verify that the accounts were set up properly, State Bank would make deposits of approximately fifty cents into the account. Executives forgot to issue instructions to reverse these deposits. Fully aware of the situation, Tom the programmer, kept the funds in the accounts and transferred these small amounts into an account that he controlled. Due to the small individual amounts, these activities escaped normal controls. Which computer fraud technique most likely describes the above situation?
1. Money leakage
2. Salami technique
3. Dollar diddling
4. Round-down fraud
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
