Fraud is the act of misleading someone to get something of them.
What is considered fraud?
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Fraud by false representation
- Saying something or claiming something that you are fully aware is misleading for the purpose of gaining something OR making someone loose something
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For example:
- Phishing
- Fake invoices
- Impersonating staff online
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Fraud by abusing positions
- Misusing your role and access to gain something
- Sorta a man in the middle attack
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Fraud by not disclosing information
- Deliberately Hiding information
- Security Breaches
Organisations also have duties
- Put policies in place
- Train staff
- Investigate suspicions
- Protect systems
In summary
This law means that its a crime to use it systems for things such as scamming