What is fraud?

Fraud involves intentional deception for personal gain or to cause loss to another, often related to financial transactions, identity, or misrepresentation of facts.

What are common types of fraud?

Common types include identity theft, credit card fraud, investment scams, online phishing, pyramid schemes, and insurance fraud, targeting both individuals and businesses.

How can I protect myself from fraud?

Protect yourself by being wary of unsolicited offers, verifying information, securing personal data, using strong passwords, monitoring financial accounts, and reporting suspicious activities promptly.

What should I do if I suspect I've been a victim of fraud?

Immediately contact your bank or financial institution, report it to law enforcement or relevant regulatory bodies, and consider freezing credit or changing passwords to mitigate further damage.

What are the legal consequences of committing fraud?

Committing fraud can lead to severe legal consequences, including fines, imprisonment, restitution to victims, and a permanent criminal record, varying by jurisdiction and severity.