The most common types of fraud involve intentionally falsifying facts to obtain financial gain. Other common types of fraud are identity theft, credit card fraud, wire fraud, securities fraud, bankruptcy fraud, and tax fraud. While these acts are similar, they are distinguished by their purpose. The latter two are typically carried out by an individual, group of individuals, or business entity. Depending on the type of fraud, the perpetrators can face jail time and heavy fines.
If you want to know more about eCommerce fraud prevention and Passwordless Authentication. You may visit LoginID.
