Question

Why does fraud seem to be increasing at such an alarming rate?

A. People don't understand the consequences of fraud to organizations and businesses.
B. A new law requires that fraud be reported within 24 hours.
C. Most frauds today are detected, whereas in the past many were not.
D. Computers, the Internet, and technology make fraud easier to commit and cover up.

Answer 1

Fraud is increasing at an alarming rate due to factors such as technology advancements, lack of awareness about consequences, and improved fraud detection methods. The correct option is A,C,D.

Step-by-step explanation:

Fraud seems to be increasing at an alarming rate due to various factors:

1. Computers, the Internet, and technology make fraud easier to commit and cover up. Advancements in technology have provided new opportunities for fraudsters to exploit vulnerabilities in online systems and networks.
2. People don't understand the consequences of fraud to organizations and businesses. Lack of awareness about the financial and reputational damage caused by fraud leads to a higher likelihood of individuals engaging in fraudulent activities.
3. Most frauds today are detected, whereas in the past many were not. Improved detection methods and increased vigilance have contributed to the higher rate of fraud detection in recent years. The correct option is A,C,D.