The different types of fraud

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AS we start migrating towards a digital society, so too are cybercriminals and fraudsters. It is now more important than ever for potential investors and consumers to know how to protect themselves from cybercriminals.

Speaking at Money Smart Week South Africa 2021, Gugulethu Silokwane, Compliance Officer at 27four Investment Managers, defined fraud as the unlawful and intentional making of misrepresentation which causes actual prejudice.

According to Gugulethu, these are the types of frauds consumers should be aware of:

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