Identity theftis themost common type of online fraud, affecting millions of people worldwide each year. Cybercriminals stealpersonal and financial informationto:
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).
References:McAfee Institute CCII Cyber Fraud Investigations, Cybercrime Encyclopedia​.
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