The Types of Risks that Emerge With the Concept of Fraud

New ideologies and innovations bring forth both opportunities and risks. Some of the risks arise out of privacy implications because of the rise in the use and rapid development of digital technologies. Illegal access or misuse of any product or service is called fraud. The various types of fraud are listed as follows:

A) Online theft of data

B) Accessing an individual’s secure and private data

C) Hacking important information

D) Tampering with secure information

E) Manipulating secure information

Fraudulent activities could be performed by technological methodologies.

Hackers write software codes for illegally gaining access into computer servers containing important data. ...

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