Business fraud refers to deceptive practices aimed at securing an unfair or unlawful gain within a business context. This can include activities such as embezzlement, where employees misappropriate funds, or financial statement fraud, where companies manipulate their financial reports to mislead investors and stakeholders. Another common form of business fraud is identity theft, where individuals impersonate others to access sensitive information or resources. Additionally, insurance fraud occurs when businesses submit false claims to receive undeserved payouts. These fraudulent activities can lead to significant financial losses and damage a company's reputation.