fraudulent transactions

Fraudulent transactions refer to unauthorized or deceitful activities conducted with the intention of deceiving or defrauding individuals or organizations. These transactions typically involve the use of stolen or fake identities, credit card information, or other fraudulent means to make unauthorized purchases or transfers of funds. Detecting and preventing fraudulent transactions is crucial for businesses and financial institutions to protect themselves and their customers from financial losses and reputational damage. Various security measures, such as advanced authentication systems and transaction monitoring tools, are employed to identify and mitigate the risks associated with fraudulent transactions.