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Fraud refers to the act of deceiving or misleading someone, often for personal gain or to cause loss to the victim. It is a criminal activity that can occur in various sectors, including finance, healthcare, insurance, and online marketplaces, among others. Fraudulent schemes can range from relatively simple cons, like identity theft or credit card fraud, to more complex operations involving corporate fraud or securities manipulation. The intention behind fraud is usually to gain something of value, such as money or information, at the expense of another person or organization. With the advent of digital technologies, cyber fraud has also become increasingly prevalent, posing significant challenges to individuals, businesses, and law enforcement agencies. Combatting fraud requires a multifaceted approach that includes stringent regulations, advanced security measures, and public awareness.
Published: June 8, 2022, 6:42 a.m.
In a world increasingly reliant on digital technology, the importance of cyber security has never been more pronounced. From personal data breaches to large-scale cyber attacks on corporations and … Read More
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