HIDDEN DANGERS: ANATOMY OF BANKING FRAUD

Abstract

This article provides a comprehensive examination of the pervasive threat posed by banking fraud in the modern digital world. Delving into various forms and methods employed by fraudsters, the article elucidates complex techniques such as phishing, card cloning, fraudulent transactions, and malware. It exposes the severe consequences for consumers, including financial losses and compromise of personal information. However, the article not only highlights the risks but also equips readers with strategies to protect themselves, advocating for practices such as robust password management, vigilant transaction monitoring, and user education.