Computer Applications
What is fraud? Cite any two reasons why online fraud has been increasing.
Computing Safety & Ethics
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Answer
Failure to practice ethical code of conduct constitutes fraud. Fraud means purposefully misrepresenting facts to deceive another person for personal gains.
Online fraud has been increasing because of the following two reasons:
- Ambiguity — Since the transaction does not happen face-to-face, the identity of the parties is easily concealed and is hard to verify.
- Hacking — It is relatively easy for hackers to steal information and fraudsters to buy that information in the online black market.
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