P2P Fraud

P2P fraud refers to fraudulent activities that occur within peer-to-peer (P2P) networks, where individual users directly interact and exchange goods, services, or information without intermediaries. In this context, fraud typically involves deceit, misrepresentation, or manipulation to exploit the trust between P2P participants, resulting in financial losses or other harmful consequences.

P2P fraud can take various forms, such as identity theft, where attackers gain unauthorized access to personal information for illegal purposes. It can also involve fake transactions, where scammers deceive others by offering goods or services they never intend to deliver. Additionally, P2P fraud may include phishing and social engineering techniques to trick individuals into divulging sensitive data or financial information. The decentralized nature of P2P networks offers criminals anonymity, making it challenging to detect and prevent fraud effectively. Consequently, it necessitates the implementation of stringent security measures, user verification processes, and education to mitigate risks and maintain the integrity of P2P interactions.