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Online Fraud Protection

Definition - What does Online Fraud Protection mean?

Online fraud protection is the process of protecting oneself from being lured into scams over the Internet. Through education and downloading trusted and updated anti-virus software, online users can guard against harmful malware or hacking attempts to gain personal information that cybercriminals use for their own monetary gain.

Techopedia explains Online Fraud Protection

Online fraud is becoming more and more sophisticated and complex and it can range anywhere from efforts to gain personal identifying numbers for stealing money, to harmful hoaxes that are mean-spirited and may result in emotional harm.

Protection of online fraud involves staying current with new definitions that are produced from anti-virus software as well as running frequent scans. Other methods of protection include changing user names and passwords on a regular basis, that is, monthly or even more often remembering to apply different user names and passwords for different accounts.

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