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1. Introduction: The Escalating Threat of Fraud in Our Hyper-Connected World The digital age offers unprecedented convenience, but it also opens doors to increasingly sophisticated threats. Fraud is no longer a niche concern; it’s a pervasive issue impacting millions and costing billions. In 2024 alone, consumers reported staggering losses exceeding $12.5 billion to various scams,
The Rising Tide of Financial Fraud The landscape of personal finance is increasingly fraught with peril. Financial fraud, encompassing a vast array of deceptive practices aimed at stealing money and sensitive personal information, represents a significant and growing threat to consumers worldwide. The scale of the problem is staggering: in 2024 alone, consumers reported losing
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