What fraud looks like today

Fraud is no longer just forged checks or stolen cards. Today's fraud is largely enabled by social engineering and compromised information: an attacker with just an email thread, an invoice template, or a job title can convincingly impersonate someone you trust.

Common categories include Business Email Compromise (BEC), invoice/payment fraud, identity theft, insider fraud, and account takeover. Each exploits a different weak point — but nearly all rely on the victim acting quickly, without verification.