Latu runs a small online company, selling electronic products. Latu only trades, that is, buying and selling products online. He has set a payment gateway with ANZ Bank. Latu, recently has been experiencing various kinds of online fraud. He has had fraudulent transactions appear in his credit card account. He has received supplier invoices for goods not ordered. His online password was compromised and sales were made to customers with fake credit cards. Latu also has computer virus destroy his data files. Latu is not feeling safe doing business online. He has approached your group for help.

Required.

1. Prepare a report for Latu indicating all the possible types of fraud that can happen online.

2. Prepare a list of possible actions Latu can take to defend his business against these online fraud.

3. Recommend the various kinds software and hard that Latu can possible acquire to minimize fraud and data being lost to computer virus.

4. Conduct research using all the possible source of information with appropriate references.

Answer rating: 100% (QA)

Report for Latu Online Fraud Prevention Measures 1 Types of Online Fraud a Credit Card Fraud This involves unauthorized use of credit card information to make fraudulent transactions b Phishing Phishi... View the full answer