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Credit File Sharing involves the practice of allowing multiple parties to access and review an individual’s credit information, often for purposes such as lending, insurance, or employment evaluations. While this can facilitate decision-making and risk assessment, it also opens avenues for fraud. Fraud can manifest in several ways, such as unauthorized access where criminals obtain sensitive credit data to commit identity theft, or through data breaches where personal information is exposed and misused. Additionally, discrepancies or errors in shared credit files can lead to fraudulent activities like inflated credit scores or altered credit histories, affecting the individual’s financial reputation and leading to potential financial harm. Safeguarding credit information through secure handling and monitoring is crucial to mitigate these risks.