Affiliation:
1. University of Quebec in Montreal, Canada
Abstract
In an ever-evolving financial landscape, where FinTech is making commendable progress, one must be aware of the negative drawbacks that come with it as the opportunities for unscrupulous actors to exploit vulnerabilities and engage in fraudulent practices have expanded concurrently. This chapter discusses the negative influence of FinTech and explores various fraudulent services that have arisen due to technology's impact on finance. The aim is to examine the methods employed, associated risks, and outcomes of these deceptive activities while emphasizing effective strategies and recommended approaches for safeguarding ourselves against their harmful effects.