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In the era of modern technology, the Internet has become an essential part of our daily lives. However, with the increase in the use of the Internet, the risks of electronic fraud have also increased. Electronic fraud is a global problem represented in the use of technology to deal illegally and unethically with people and companies. Since electronic fraud can lead to financial losses and psychological effects, individuals and companies must take care to protect themselves from this type of crime.

Common types of fraud risks:

1. Fraudulent Email:

Phishing email is the sending of unsolicited, fake emails with the intent of obtaining personal or financial information. Phishing email can come in the form of messages that imitate trusted companies such as banks and email service providers, and ask users to update their personal and financial information. When clicking on the fake links, users are directed to fake web pages where personal and financial information is stolen.

2. Telephone fraud:

Telephone fraud is the use of fake phone calls to attempt to obtain personal and financial information. A "phishing" technique is used where the victim is intimidated with a problem that must be resolved immediately, and asks them to reveal personal and financial information to solve the problem. Once the information is provided, it is used in electronic fraud procedures.

3. Online Fraud:

Internet fraud is the use of the World Wide Web to conduct fraudulent operations such as online purchases, bogus offers and fake websites. Technology is used to deceive users into entering personal and financial information, and once this information is obtained, it is used in electronic fraud procedures.

The negative effects of electronic fraud risks:

1. Financial Implications:

Users and companies can suffer significant financial losses as a result of fraudulent activities. For example, fraudulent hackers can obtain banking and finance account information and steal money from accounts.

2. Psychological Effects:

People who are exposed to online scams can feel depressed, anxious and stressed, and this can affect their mental and physical health.

3. Legal Implications:

Users and companies can face legal problems due to fraudulent online activities. For example, users can be held liable if they enter false data on websites.

There are several steps that can be taken to reduce the risk of online fraud, some of which include the following:

Educate people about the dangers of electronic fraud: Educate people about the dangers of electronic fraud and educate people on how to protect themselves from electronic fraud. Organizations and government agencies can provide information and resources to help achieve this.

Continuous monitoring of fraudulent activities: Institutions, companies, and ordinary users must continuously monitor fraudulent activities and report them immediately to the concerned authorities.

Use of protection and security software: Protection and security software can be used to protect devices, networks and sensitive information from electronic fraud.

Update software and applications: Software and applications must be updated regularly to avoid vulnerabilities that can be exploited by fraudulent hackers.

Use strong passwords: Use multiple, strong passwords for accounts and change them regularly.

Verify Sources: You must verify the source of an email or call before clicking on links or providing personal information.

Stay vigilant: Stay vigilant, avoid clicking on suspicious links, and avoid entering personal information on untrusted sites.

Provide training and education: Training and education should be provided to employees and users to teach them how to identify and avoid fraudulent online activities.

Use secure payment methods: Secure payment methods such as credit cards and bank transfer must be used to avoid electronic fraud.

Additional security measures: Additional security measures can be taken such as enabling binary options for authentication and identity verification.

In short, online fraud poses a huge risk to users and businesses. With the increase in the use of the Internet and technology, it is important for users to learn how to protect themselves from these risks, and several steps can be taken to reduce the risks of electronic fraud, the most important of which are education and awareness, the use of protection programs, updating programs, and maintaining caution are some of the basic steps that can be taken.