The phrase “white-collar crime” refers to criminal acts that are not violent and seek to benefit the perpetrator financially. Common examples of white-collar crimes are embezzlement, insider trading and wire fraud. Decades ago, people involved in such white-collar crimes had limited ways of carrying out the theft of money or information. Today, in Texas and elsewhere, computers open virtual doors for white-collar cyber crimes.
Computers and access to the internet make it easier for cyber crimes to take place. Credit card fraud ranks among the top instances of cyber crimes. Fake merchant deals may lead people to provide their credit card numbers. In addition, hacking serves as a way to steal credit card information as numerous high-profile cases show that sophisticated hackers can circumvent even high-end cybersecurity systems.
Sometimes, a third party might try to procure information from businesses ranging from small ones to corporations. Phishing schemes could lead to someone giving up a company’s passwords without realizing the mistake. People often provide passwords to bank and other accounts after responding to phishing emails. The simple scheme continues to work.
White-collar crimes could be international ones, making investigations complicated and challenging. The internet makes it possible for someone in a country thousands of miles away to run a cyber crime scheme in Texas.
“Innocent until proven guilty” still stands for individuals accused of committing cyber crimes. Sometimes, a person ends up falsely accused of cyber crime because a third party compromised their computer. Proof that someone else committed the crime might lead to a favorable court outcome.
A warrant may be necessary to acquire evidence of a white-collar offense. If there’s no warrant or probable cause, it may lead the defense to a motion to suppress evidence. If the prosecutor can’t present evidence to the jury, the chances of a conviction may drop.