Question 1

How do fraudsters use "cookie" type software?

Accepted Answer

A)  To automatically remove web histories after one closes the web browser 
B)  To initiate pop-ups to unknown sites to gather valuable consumer information 
C)  To show the status of a Web site to be secure 
D)  To gather personal and confidential information from consumers' hard drives 
A)  To automatically remove web histories after one closes the web browser 
B)  To initiate pop-ups to unknown sites to gather valuable consumer information 
C)  To show the status of a Web site to be secure 
D)  To gather personal and confidential information from consumers' hard drives

Question 2

Product testing is a fraud:

Accepted Answer

A)  that requests consumers to review the products presented in the brochures and send their commentaries to the supplier for review. 
B)  where consumers respond to an advertisement that promises income simply for stuffing envelopes. 
C)  that promise victims a job that involves strolling through stores, enjoying the displays, shopping for merchandise, and then filing reports on the experiences they have had. 
D)  where perpetrators promise high pay for working on different projects. 
A)  that requests consumers to review the products presented in the brochures and send their commentaries to the supplier for review. 
B)  where consumers respond to an advertisement that promises income simply for stuffing envelopes. 
C)  that promise victims a job that involves strolling through stores, enjoying the displays, shopping for merchandise, and then filing reports on the experiences they have had. 
D)  where perpetrators promise high pay for working on different projects.

Question 3

Which act limits consumers' liability for fraudulent credit card charges?

Accepted Answer

A)  Identity Theft and Assumption Deterrence Act 
B)  Fair Credit Billing Act 
C)  Family Education Rights and Privacy Act 
D)  Fair Credit Reporting Act 
A)  Identity Theft and Assumption Deterrence Act 
B)  Fair Credit Billing Act 
C)  Family Education Rights and Privacy Act 
D)  Fair Credit Reporting Act

Question 4

Which of the following is not a characteristic of a Nigerian money offer scam?

Accepted Answer

A)  States the need for urgent assistance 
B)  Makes the victim feel like he or she is the only recipient of the special opportunity 
C)  Involves someone trying to sell a piece of prime African real estate 
D)  The e-mail is the promise of money and asks for help 
A)  States the need for urgent assistance 
B)  Makes the victim feel like he or she is the only recipient of the special opportunity 
C)  Involves someone trying to sell a piece of prime African real estate 
D)  The e-mail is the promise of money and asks for help

Question 5

Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars, paper towel holders, hair clips, or holiday decorations?

Accepted Answer

A)  Product testing 
B)  Mail stuffing 
C)  Craft assembly 
D)  Skimming 
A)  Product testing 
B)  Mail stuffing 
C)  Craft assembly 
D)  Skimming

Question 6

Which of the following involves the use of the Internet to steal important information?

Accepted Answer

A)  Shoulder surfing 
B)  Phishing 
C)  Skimming a credit card 
D)  Dumpster diving 
A)  Shoulder surfing 
B)  Phishing 
C)  Skimming a credit card 
D)  Dumpster diving

Question 7

TransUnion, Equifax, and Experian are examples of what type of agencies?

Accepted Answer

A)  Identity theft investigation agencies 
B)  Credit reporting agencies 
C)  Money transfer agencies 
D)  Credit billing agencies 
A)  Identity theft investigation agencies 
B)  Credit reporting agencies 
C)  Money transfer agencies 
D)  Credit billing agencies

Question 8

What is the term for when fraudsters contact potential identity theft victims and act as a representative of a business to verify previously gathered information?

Accepted Answer

A)  Trashing 
B)  Pretexting 
C)  Mail stuffing 
D)  Skimming 
A)  Trashing 
B)  Pretexting 
C)  Mail stuffing 
D)  Skimming

Question 9

Which of the following was the top consumer fraud in number of victims identified in the U.S. Federal Trade Commission report?

Accepted Answer

A)  Unauthorized billing-Internet services 
B)  Advance fee loan scams 
C)  Fraudulent weight-loss products 
D)  Work-at-home programs 
A)  Unauthorized billing-Internet services 
B)  Advance fee loan scams 
C)  Fraudulent weight-loss products 
D)  Work-at-home programs

Question 10

Which of the following is NOT a common identity theft method?

Accepted Answer

A)  Filing for bankruptcy under the victim's name 
B)  Opening new bank accounts in the victim's name 
C)  Changing a victim's mailing address 
D)  Destroying personal property, such as a home or car 
A)  Filing for bankruptcy under the victim's name 
B)  Opening new bank accounts in the victim's name 
C)  Changing a victim's mailing address 
D)  Destroying personal property, such as a home or car

Question 11

Which trial stage dimensional actions are the riskiest for the identity thief?

Accepted Answer

A)  Third dimensional actions 
B)  Second dimensional actions 
C)  First dimensional actions 
D)  Fourth dimensional actions 
A)  Third dimensional actions 
B)  Second dimensional actions 
C)  First dimensional actions 
D)  Fourth dimensional actions

Question 12

Which of the following is a hi-tech method by which thieves capture personal or account information from a credit card, driver's license, or even a passport?

Accepted Answer

A)  Surfing 
B)  Skimming 
C)  Clawbacks 
D)  Phishing 
A)  Surfing 
B)  Skimming 
C)  Clawbacks 
D)  Phishing

Question 13

Which of the following is NOT an action to minimize your risk of identity theft?

Accepted Answer

A)  Opting out of pre-approved credit cards 
B)  Shredding mail that contains detailed information 
C)  Using strong passwords and changing them often 
D)  Using Social Security number on visiting cards 
A)  Opting out of pre-approved credit cards 
B)  Shredding mail that contains detailed information 
C)  Using strong passwords and changing them often 
D)  Using Social Security number on visiting cards

Question 14

What is the most detrimental consequence of identity theft?

Accepted Answer

A)  The loss of physical assets 
B)  The loss of credit and reputation, as well as introduction of erroneous information that is difficult to fix 
C)  Time lost in reporting the fraud 
D)  The actual loss of money 
A)  The loss of physical assets 
B)  The loss of credit and reputation, as well as introduction of erroneous information that is difficult to fix 
C)  Time lost in reporting the fraud 
D)  The actual loss of money

Question 15

Which of the following is NOT a symptom of potential investment scams?

Accepted Answer

A)  Pressures to get in early on the investment 
B)  A business with a history of bankruptcy or scandals 
C)  Use of a special tax loophole or a tax avoidance scheme 
D)  Promise of returns comparable to those of treasury bonds 
A)  Pressures to get in early on the investment 
B)  A business with a history of bankruptcy or scandals 
C)  Use of a special tax loophole or a tax avoidance scheme 
D)  Promise of returns comparable to those of treasury bonds

Question 16

What is dumpster diving?

Accepted Answer

A)  An activity where fraudsters use an information storage device to gain access to valuable information 
B)  An activity where a perpetrator will try to build a relationship of confidence with the victim 
C)  An activity where criminals watch consumers from a nearby location as they give credit card or other valuable information 
D)  An activity where fraudsters rummage through consumers' trash 
A)  An activity where fraudsters use an information storage device to gain access to valuable information 
B)  An activity where a perpetrator will try to build a relationship of confidence with the victim 
C)  An activity where criminals watch consumers from a nearby location as they give credit card or other valuable information 
D)  An activity where fraudsters rummage through consumers' trash

Question 17

Which of the following is the term for a fraudulent process whereby even representatives of legitimate MLMs are required to buy large, expensive amounts of inventory.

Accepted Answer

A)  Forward pricing 
B)  Snake oil 
C)  Front loading 
D)  Opportunity meeting 
A)  Forward pricing 
B)  Snake oil 
C)  Front loading 
D)  Opportunity meeting

Question 18

Which is the primary agency responsible for helping victims of identity theft?

Accepted Answer

A)  Social Security Office 
B)  Federal Bureau of Investigation 
C)  Permits Department 
D)  Federal Trade Commission 
A)  Social Security Office 
B)  Federal Bureau of Investigation 
C)  Permits Department 
D)  Federal Trade Commission

Question 19

Which of the following is a variation of fraudulent MLMs, in which an organization sells illusionary products and profits, instead of real products?

Accepted Answer

A)  Ponzi scheme 
B)  Foreign advance scheme 
C)  Identity theft scheme 
D)  Shoulder surfing scheme 
A)  Ponzi scheme 
B)  Foreign advance scheme 
C)  Identity theft scheme 
D)  Shoulder surfing scheme

Question 20

Once a fraudster has gained confidence that the identity theft is working, he or she often takes out a loan using the victim's identity. The most common type of fraudulent loan is for which of the following items?

Accepted Answer

A)  Foreign travel 
B)  Purchasing real estate 
C)  Education 
D)  An automobile 
A)  Foreign travel 
B)  Purchasing real estate 
C)  Education 
D)  An automobile

How do fraudsters use "cookie" type software?

Product testing is a fraud:

Which act limits consumers' liability for fraudulent credit card charges?

Which of the following is not a characteristic of a Nigerian money offer scam?

Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars, paper towel holders, hair clips, or holiday decorations?

Which of the following involves the use of the Internet to steal important information?

TransUnion, Equifax, and Experian are examples of what type of agencies?

What is the term for when fraudsters contact potential identity theft victims and act as a representative of a business to verify previously gathered information?

Which of the following was the top consumer fraud in number of victims identified in the U.S. Federal Trade Commission report?

Which of the following is NOT a common identity theft method?

Which trial stage dimensional actions are the riskiest for the identity thief?

Which of the following is a hi-tech method by which thieves capture personal or account information from a credit card, driver's license, or even a passport?

Which of the following is NOT an action to minimize your risk of identity theft?

What is the most detrimental consequence of identity theft?

Which of the following is NOT a symptom of potential investment scams?

What is dumpster diving?

Which of the following is the term for a fraudulent process whereby even representatives of legitimate MLMs are required to buy large, expensive amounts of inventory.

Which is the primary agency responsible for helping victims of identity theft?

Which of the following is a variation of fraudulent MLMs, in which an organization sells illusionary products and profits, instead of real products?

Once a fraudster has gained confidence that the identity theft is working, he or she often takes out a loan using the victim's identity. The most common type of fraudulent loan is for which of the following items?

The Nature of Fraud

Who Commits Fraud and Why

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Bankruptcy, Divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters

Exam 15: Consumer Fraud

How do fraudsters use "cookie" type software?

Product testing is a fraud:

Which act limits consumers' liability for fraudulent credit card charges?

Which of the following is not a characteristic of a Nigerian money offer scam?

Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars, paper towel holders, hair clips, or holiday decorations?

Which of the following involves the use of the Internet to steal important information?

TransUnion, Equifax, and Experian are examples of what type of agencies?

What is the term for when fraudsters contact potential identity theft victims and act as a representative of a business to verify previously gathered information?

Which of the following was the top consumer fraud in number of victims identified in the U.S. Federal Trade Commission report?

Which of the following is NOT a common identity theft method?

Which trial stage dimensional actions are the riskiest for the identity thief?

Which of the following is a hi-tech method by which thieves capture personal or account information from a credit card, driver's license, or even a passport?

Which of the following is NOT an action to minimize your risk of identity theft?

What is the most detrimental consequence of identity theft?

Which of the following is NOT a symptom of potential investment scams?

What is dumpster diving?

Which of the following is the term for a fraudulent process whereby even representatives of legitimate MLMs are required to buy large, expensive amounts of inventory.

Which is the primary agency responsible for helping victims of identity theft?

Which of the following is a variation of fraudulent MLMs, in which an organization sells illusionary products and profits, instead of real products?

Once a fraudster has gained confidence that the identity theft is working, he or she often takes out a loan using the victim's identity. The most common type of fraudulent loan is for which of the following items?

The Nature of Fraud

Who Commits Fraud and Why

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Bankruptcy, Divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters