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Fraud

Fraud is defined as “deceit, trickery, sharp practice, or breach of confidence, especially in order to gain unfair or unlawful advantage.” It is a crime that can be committed in many different ways, but it typically involves deception or misrepresentation. Fraud can have a serious impact on victims, both financially and emotionally. If you think you have been a victim of fraud, you should report it to the authorities immediately.

How To Spot And Avoid Business Loan Fraud On 2024

<p><strong>What is Business Loan Fraud&quest;<&sol;strong><&sol;p>&NewLine;<p><strong>Business loan fraud<&sol;strong> is any kind of deceitful action designed to gain a financial advantage during the loan process&period; This can include misrepresentation of financial information&comma; submitting false documents&comma; or making […] Read More

How To Identify And Prevent Vendor Impersonation Scams

<p><strong>Vendor impersonation scams &lpar;fraud&rpar;<&sol;strong>&comma; also known as <a href&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;business-email-compromise-bec-scams-10-types-qa-preventing-and-reporting&sol;amp&sol;” data-type&equals;”link” data-id&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;business-email-compromise-bec-scams-10-types-qa-preventing-and-reporting&sol;”>business email compromise<&sol;a> &lpar;BEC&rpar; scam&comma; is a type of cyberattack in which fraudsters impersonate legitimate vendors to trick employees into making unauthorized payments&period; These scammers […] Read More

Ransomware Scams: The Latest News And How To Protect Yourself

<p><strong>Ransomware scams<&sol;strong> are a type of <a href&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;cybercrime&sol;amp&sol;” data-type&equals;”URL” data-id&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;cybercrime&sol;”>cyberattack<&sol;a> in which hackers encrypt a victim&&num;8217&semi;s data and demand a ransom payment in order to decrypt it&period; The attackers typically send an email to the […] Read More

What Is “CORPORATE IDENTITY THEFT”, 10 Q&A, 10 Types, Protection And Prevention On 2023

<h2 class&equals;”wp-block-heading”>What is Corporate Identity Theft&quest;<&sol;h2>&NewLine;<p><strong>Corporate identity theft<&sol;strong> is when someone&comma; typically a cybercriminal&comma; illegally acquires and uses a business&&num;8217&semi;s identifying information for fraudulent purposes&period; This may include stealing the business&&num;8217&semi;s name&comma; tax identification numbers&comma; […] Read More

Business Email Compromise (BEC) Scams: 10 Types, Q&A, Preventing And Reporting

<p><strong>Business Email Compromise &lpar;BEC&rpar;<&sol;strong>&comma; also known as <em>Email Account Compromise &lpar;EAC&rpar;<&sol;em>&comma; is a type of <a href&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;phishing&sol;amp&sol;” data-type&equals;”URL” data-id&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;phishing&sol;”>phishing attack<&sol;a> that targets organizations&comma; with the goal of stealing money or critical information&period; In a BEC […] Read More

Synthetic Identity Theft: What You Need to Know

<p><strong>Synthetic identity theft<&sol;strong> is a type of <a href&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;identity-theft&sol;amp&sol;” data-type&equals;”URL” data-id&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;identity-theft&sol;”>identity theft<&sol;a> in which the perpetrator creates a new identity by combining real and fake information&period; This can include using a real Social Security number […] Read More

ATM Skimming On 2023: What It Is, Types And Tips To Avoid

<p>ATM skimming is a type of credit card <a href&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;category&sol;fraud&sol;amp&sol;” data-type&equals;”URL” data-id&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;category&sol;fraud&sol;”>fraud<&sol;a> in which criminals install a device on an ATM that captures the cardholder&&num;8217&semi;s <a href&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;identity-theft&sol;amp&sol;” data-type&equals;”URL” data-id&equals;”https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;identity-theft&sol;”>personal information<&sol;a>&comma; including their name&comma; account number&comma; […] Read More