Question: reply to Clareshatae post using simple words. reply in 7 sentences and ask a question at the end. Both cybersecurity and trading activities are at

reply to Clareshatae post using simple words. reply in 7 sentences and ask a question at the end.

reply to Clareshatae post using simple words.
Both cybersecurity and trading activities are at risk of spoofing. Spoofing is the practice of utilizing deceit to conceal one's online identity or disguise one's genuine identity. Because it results in financial harm, market manipulation, and privacy violations, this is extremely prohibited. A person who poses as a reliable source while concealing their genuine identity is an example of cybersecurity spoofing. Many people have attempted to accomplish this by sending phony emails pretending to be Netflix or another service provider, with the sender's address manipulated to look authentic. To give the impression that a communication is coming from a reliable source, some people alter IP addresses. The primary goal of the impersonator is to fool victims into disclosing private information, downloading malicious software, or performing other tasks that would help the attacker. Placing and promptly canceling a sizable order to give the appearance of market demand or pessimism is an example of trade spoofing. This might be used to manipulate prices, lead other traders to base their decisions on misleading information, and eventually take advantage of the price swings. This type of spoofing is prohibited in the US by the Dodd-Frank Act and is referred to as market manipulation. The FCC has decided to forbid anybody from transmitting false or misleading caller |D information with the intention of defrauding. harming, or improperly obtaining anything of value, thanks to the protection provided by the Truth in Caller ID Act. Penalties for each instance of spoofing might reach $10,000 for the responsible party. McWNicholas, T. (2024) CBS New York Investigates \"spoofing\" scams after nurse loses life savings https://www.cbsnews.com/ampewyork,ews/cbs-new-york- investigates-spoofing-scams-after-nurse-loses-life-savings/ During the pandemic, a 12-year veteran nurse named Avalon Grimes was the victim of a spoof software that was used to pretend to be her bank and steal all her savings. When she contacted her mobile carrier, it revealed that the number that had called her matched the international Chase number on the back of her credit card. The caller persuaded her that there was fraudulent activity on her account and that, to protect herself, she should move her funds to a different account. Even though they don't know who it did, they are attempting to get her money back even though they think it was taken from the new account already. To achieve her goal, she must replenish her savings and start over from the beginning. Even yet, | don't think justice was done, and | think measures should be taken to safeguard and shield customers from such incidents

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