Can overclocking my processor cause damage?

Overclocking allows one to boost a computer system's performance by increasing clock frequencies. There are several methods of overclocking, and no two components will overclock by exactly the same amount. One important consideration when overclocking a component is to ensure that it is supplied with adequate power for operation at its new speed; however, applying too much voltage could permanently damage a component. Improper settings carry the potential of destroying components, and, in extreme cases, even causing them to catch fire. Since good voltage regulators and tight tolerances are required for extreme overclocking, only more expensive motherboards—with advanced settings that computer enthusiasts are likely to use—have built-in overclocking capabilities. Motherboards of lower quality such as those typically found in OEM systems typically lack such said features, limiting overclocking primarily to the do-it-yourself community or purchasers of 'top of the line' systems from top tier companies.