There are several different types of loan fraud. One of the most common forms of loan fraud is application fraud, which involves falsely applying for a loan by providing inaccurate or incomplete information on an application form. This could include providing false employment history or exaggerating your income level in order to obtain a larger loan.
In 2020, over one-third of all Internet users were bots according to a recent study. In this guide, we'll explore what bots are, how they’re used, the challenges in detection and how businesses can protect against them through bot detection software.