(Answered):Fraud Detection 1 . . . .

Question Description

Fraud detection can be critical when it comes to data and being ableto analyze that data. Some examples of fraud would be credit card fraud,tax evasion, money laundering, etc.

In 3-4 pages, describe how your information on social media isprotected. Who is ultimately responsible to protect that information,the business or the consumer? Why?

When we talk about protecting our data, whose shoulders does thatresponsibility fall upon? Do we, as consumers, have an obligation totake responsibility for our own data? How can consumers and businessesprotect themselves against fraud?

Expert Answer 

Fraud detection can be critical when it comes to data