(Solved):How can a business protect itself from underage consumer fraud?

 

Question

How can a business protect itself from underage consumer fraud?

 

EXPERT ANSWER

The business entity may face various consumer frauds which are as explained below:

  • Identity fraud: In this activity, the consumer may hide or misinterpret their original identity to mislead the business entity. Underage consumer fraud comes under identity theft.
  • Mortgage fraud: In this action, the customer of the loan may produce the wrong mortgage to the banker in exchange of the loan.
  • Credit
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