Final answer:
Advances in technology significantly impact both the perpetration and detection of fraud, therefore, the statement is false.
Step-by-step explanation:
False: Advances in technology have had a profound effect on the size and frequency of fraud as well as on the detection and investigation of fraud. As technology evolves, so do the methods that fraudsters use to conduct their activities. On the flip side, technology also provides new tools and methods for detecting and investigating fraud. For example, big data analytics and machine learning can help identify patterns that might indicate fraudulent activity, while blockchain technology is being explored for its potential to prevent fraud by ensuring the integrity of transaction records.