What is the number one type of online fraud?
Identity theftis themost common type of online fraud, affecting millions of people worldwide each year. Cybercriminals stealpersonal and financial informationto:
Openfraudulent bank accounts.
Makeunauthorized transactionsusing stolen credit card details.
Conductloan fraudor apply for government benefits.
Common methods used for identity theft include:
Phishing attacks(fraudulent emails and fake websites).
Data breaches(hacking into databases to steal personal records).
Social engineering(manipulating people into revealing sensitive data).
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