Tuesday, January 15, 2008

IT ACT TO GET MORE TEETH TO FIGHT FINANCIAL FRAUDs

The Income Tax Act will have provisions against financial frauds such as salami attack, phishing,
spoofing and Electronic Data Interchange. Salami attack is a trick by which the criminal deducts small sums from accounts of various victims in a way that it doesn’t get detected. The hackers use it as the safest tool for earning large sum without getting even noticed.

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