ICSE Class 10 Commerce 2020 Solved Papers

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Question : 20
Total: 31
Explain in brief Credit Card Fraud.
Solution:  
Credit Card Fraud: Credit card fraud is an inclusive term for fraud. Fraudsters can also steal your credit card account number, PIN and security code to make unauthorized transactions, without needing your physical credit card. The purpose of the fraud may be to obtain goods or services, or to make payment to another account. Thus, credit card fraud have caused huge financial loss.
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