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Understanding the different types of Cyberfraud

In our connected digital world, cyberfraud has emerged as one of the most pervasive threats, targeting individuals, businesses, and governments alike. With cybercriminals employing increasingly sophisticated tactics, understanding the various forms of cyberfraud is critical to staying protected. Let's explore the most common types of cyber fraud and how they operate. 1. Phishing Phishing involves cybercriminals impersonating trusted entities, such as banks, government agencies, or popular brands, to trick victims into revealing sensitive information. Typically executed through emails, text messages, or fraudulent websites, phishing attacks often aim to steal login credentials, credit card details, or other personal information. Common Variants: Spear Phishing : A targeted attack aimed at specific individuals or organizations. Whaling : A phishing attack targeting high-profile individuals, such as CEOs or executives. Smishing and Vishing : Phishing through SMS (smishing) or voice ca...

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