Identification and Prevention of Financial Fraud in the Digital Environment
DOI:
https://doi.org/10.46793/Rev26113.169TKeywords:
financial fraud, scam, phishing, security, financeAbstract
With the increase in the number of financial frauds in the digital environment, through new technologies and the use of social engineering methods, understanding, identifying and preventing financial frauds in the digital environment is of particular importance. The most common frauds based on social engineering are elaborated and explained, with a focus on phishing frauds. The most common types of financial fraud in the digital environment are indicated, as well as how to protect yourself from them and what preventive measures to take. This paper aims to explain the most common and most dangerous financial frauds in the digital environment, with a special emphasis on phishing fraud and its forms and types. A simulation of a phishing attack is presented in detail under strictly controlled conditions and under clearly defined rules. The goal of this phishing campaign is to demonstrate how scammers attempt to manipulate the victim and exploit their social status, coupled with ignorance, to obtain financial data for financial gain.
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