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CVV fraud occurs when cybercriminals gain unauthorized access to this code, allowing them to make fraudulent online purchases or withdrawals. Understanding CVV Fraud: The CVV code, a three- or four-digit number typically found on the back of a credit or debit card, is a crucial security feature designed to verify that the cardholder has the physical card in their possession during transactions. By staying informed, implementing preventive measures, and promptly reporting any suspicious activity, individuals can protect themselves from falling victim to these cybercrimes.
Awareness and proactive action play pivotal roles in safeguarding personal finances and contributing to a more secure online ecosystem for all.