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The Computer Fraud and Abuse Act is a law passed by the United States Congress in 1986 intended to reduce hacking of computer systems. It was amended in 1994, 1996 and in 2001 by the USA PATRIOT Act.The USA PATRIOT Act increased the scope and penalties of this act by:he Computer Fraud and Abuse Act is a law passed by the United States Congress in 1986 intended to reduce hacking of computer systems. It was amended in 1994, 1996 and in 2001 by the USA PATRIOT Act. The USA PATRIOT Act increased the scope and penalties of this act by:
After a prolonged period of corporate scandals involving large public companies from 2000 to 2002, the Sarbanes-Oxley Act was enacted in July 2002 to restore investors' confidence in markets and close loopholes for public companies to defraud investors.he Sarbanes-Oxley Act changes management's responsibility for financial reporting significantly. The act requires that top managers personally certify the accuracy of financial reports. If a top manager knowingly or willfully makes a false certification, he can face 10 to 20 years in prison.