This document discusses various types of fraud including identity theft, account takeover, loyalty fraud, triangulation fraud, card testing, policy abuse, chargeback fraud, and returns fraud. It also provides tips for mitigating fraud risks such as conducting internal risk assessments, quantifying risks, developing fraud response strategies, creating user awareness, and maintaining secure systems through patching, password best practices, and antivirus software.

7. ID Theft : It is part of identity fraud which specifically refers to the theft personal identifying info of an actual person
Account Takeover : It is an attack whereby cybercriminals take ownership of online accounts using stolen passwords and usernames
Loyalty Fraud : It happens when customers or fraudsters exploit loyalty programs for personal gain
Triangulation Fraud : It takes advantage of a legitimate EShop to conduct a fraudulent version of a triangular sales
Card Testing: Ssomeone tries to determine whether stolen card information is valid so that they can use it to make purchases
Policy Abuse : when the privileges associated with a particular user account are used inappropriately or fraudulently
Chargeback Fraud : when consumers fraudulently attempt to secure a refund using the chargeback process
Returns Fraud : When customers receive a financial gain from the returns process by taking advantage of a business, resulting in a loss of invent

9. Provide Provide regular patches and updates to the systems
Create Create awareness among users and customers with self assessment
Develop Develop a risk response strategy
Quantify Quantify those risk in terms of category and risk scale
Identify and
Document
Identify and Document significant fraud risks
Conduct Conduct Internal Risk Assessment to measure the risk associated.

11. Do not share Do not share personal information unless secure
Do not click on Do not click on any suspicious link in SPAM emails or untrusted
websites
Do not Open Do not Open Attachments in SPAM mail
Change Change the password in regular interval.
Use Use of Strong Passwords in every account
Use Use Anti-Virus Software and Keep that Updated
Keep Keep Software and Operating System Updated