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The phenomenon of fraud has been a persistent companion to
human civilization, evolving alongside societal advancements
and technological progress. As we venture deeper into the
21st century, the complexity and sophistication of fraudulent
activities have reached unprecedented levels, demanding a
comprehensive understanding of its fundamental nature,
various manifestations, and far-reaching implications. This
introductory chapter serves as a cornerstone for understanding
the multifaceted nature of fraud, its theoretical underpinnings,
and its profound impact on the global economic landscape. In
an era where digital transformation has revolutionized
financial systems and business operations, the study of fraud
has become increasingly crucial for professionals across
various sectors, including law enforcement, financial
institutions, regulatory bodies, and corporate entities.
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