A fraudulent transaction occurs when someone deceives another person or organization to gain money or assets illegally. This can happen through various methods, such as using stolen credit card information, creating fake accounts, or manipulating financial systems. The goal is to trick the victim into believing the transaction is legitimate. These transactions can have serious consequences for both individuals and businesses. Victims may suffer financial losses, while companies may face reputational damage and increased security costs. To combat this, many organizations implement measures like fraud detection software and identity verification processes to protect against such activities.