What are the consequences of data fraud?
Data fraud can lead to severe financial losses, legal penalties, and damage to reputation.
Can you give me some examples of financial losses?
Sure! Companies may face direct losses from stolen funds, increased insurance premiums, and costs related to recovery efforts.
What legal penalties can companies face?
Companies can face hefty fines, lawsuits, and even criminal charges against individuals involved in the fraud.
How does data fraud affect customer trust?
Data fraud can significantly erode customer trust, leading to loss of business and long-term damage to brand loyalty.
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