Mark Hauser Discusses Credit Card Fraud Prevention
Mark Hauser, a professor at George Mason University, acknowledges that fraud happens even when precautions are taken and highlight various protection methods available to reduce fraud rates. He also explains why people might commit fraud if they’re determined to do so regardless of risk.
Mark Hauser is a George Mason University professor specializing in forensic accounting. Before that, he was the director of the Financial Crimes Institute, part of the U.S. Secret Service. Hauser is an expert in forensic accounting and is known for analyzing financial data and fraud. In 2006 he was one of the panel members at the White House summit on financial crimes.
Hauser has spoken on many different topics to organizations, including the Federal Reserve Bank of New York. He works closely with the Better Business Bureau and other institutions to help prevent fraudulent behavior before it manifests as a crime. In his book Killing Wall Street, he discusses why fraud happens and how it differs from criminal conduct. He also provides many ways to prevent fraud, which leading organizations like the Better Business Bureau have adopted.
In his book, Hauser writes about two types of financial crimes. The first category is white-collar crime, which is an act that has a significant economic impact on many people and businesses without any personal contact. This can be an extreme financial gain for the perpetrator, often leaving people feeling deceived or betrayed.
Mark Hauser has stated that his book aims to change people’s perceptions and beliefs about fraud so that they can act accordingly. He hopes that with his promotion of understanding, everyone can act to prevent fraud. Hauser believes thatt fraudcan be reduced with education and awareness. According to Mark Hauser, fraud happens because people are capable of rationalizing their actions. Although they may have an issue with breaking the law initially, they will justify to themselves why they did it.