Question 1

_____ 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) Product testing 
B) Skimming 
C) Spimming 
D) Phishing 
A) Product testing 
B) Skimming 
C) Spimming 
D) Phishing

Question 2

What is one of the biggest marketing campaigns of illegal MLMs?

Accepted Answer

A) Promise of full-time work from home for huge weekly earnings. 
B) Absence of headhunter fees. 
C) A mysterious "benefactor" interested in contributing a large sum of money. 
D) Promise that investors will always make money from future downline growth. 
A) Promise of full-time work from home for huge weekly earnings. 
B) Absence of headhunter fees. 
C) A mysterious "benefactor" interested in contributing a large sum of money. 
D) Promise that investors will always make money from future downline growth.

Question 3

Snake oil plans are plans:

Accepted Answer

A) that make their money by getting new people to buy property in exotic locations. 
B) that promise enormous earnings or claim to sell miracle products. 
C) that motivate the purchase of unusually overpriced goods or services. 
D) that make people believe that they will make money simply because they are one of the earliest investors. 
A) that make their money by getting new people to buy property in exotic locations. 
B) that promise enormous earnings or claim to sell miracle products. 
C) that motivate the purchase of unusually overpriced goods or services. 
D) that make people believe that they will make money simply because they are one of the earliest investors.

Question 4

Which of the following involves the use of 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 5

A Nigerian money offer email scam is a form of _____.

Accepted Answer

A) foreign advance-fee scam. 
B) purchase of real estate scam. 
C) clearing house scam. 
D) multilevel marketing scam. 
A) foreign advance-fee scam. 
B) purchase of real estate scam. 
C) clearing house scam. 
D) multilevel marketing scam.

Question 6

Often,fraudsters contact potential identity theft victims and act as a representative of a business to verify previously gathered information.This is known as ________.

Accepted Answer

A) trashing 
B) pretexting 
C) mail stuffing 
D) skimming 
A) trashing 
B) pretexting 
C) mail stuffing 
D) skimming

Question 7

Which of the following observations is NOT true of foreign-advance fee scams?

Accepted Answer

A) Perpetrators are well-known businesses and there is usually some urgency to participate. 
B) All messages come from an unknown party who claims to have access to large sums of money or assets. 
C) Perpetrators are always willing to transfer money or other assets to the victims,but only after money or information is extracted. 
D) Perpetrators claim to have access to large sums of money or assets. 
A) Perpetrators are well-known businesses and there is usually some urgency to participate. 
B) All messages come from an unknown party who claims to have access to large sums of money or assets. 
C) Perpetrators are always willing to transfer money or other assets to the victims,but only after money or information is extracted. 
D) Perpetrators claim to have access to large sums of money or assets.

Question 8

Which act makes it illegal for any agency that receives federal funding to disclose privacy information about individuals?

Accepted Answer

A) Identity Theft and Assumption Deterrence Act 
B) Family Education Rights and Privacy Act of 
C) The Gramm-Leach-Bliley Act 
D) Fair Credit Reporting Act 
A) Identity Theft and Assumption Deterrence Act 
B) Family Education Rights and Privacy Act of 
C) The Gramm-Leach-Bliley Act 
D) Fair Credit Reporting Act

Question 9

Which stage is considered to be the most critical stage of the identity theft cycle?

Accepted Answer

A) Action stage 
B) Trial stage 
C) Discovery stage 
D) Cover-up stage 
A) Action stage 
B) Trial stage 
C) Discovery stage 
D) Cover-up stage

Question 10

Identify the complaint database developed by the U.S.Federal Trade Commission.

Accepted Answer

A) Consumer Watch 
B) Fraud Watchdog 
C) Consumer Sentinel 
D) Identity Theft Assistance 
A) Consumer Watch 
B) Fraud Watchdog 
C) Consumer Sentinel 
D) Identity Theft Assistance

Question 11

Federal law limits consumers' credit card fraud liability to ______.

Accepted Answer

A) $50 
B) $100 
C) $150 
D) $200 
A) $50 
B) $100 
C) $150 
D) $200

Question 12

What is the most detrimental consequence of identity theft?

Accepted Answer

A) The loss of physical assets. 
B) The loss of credit,reputation,and erroneous information. 
C) Time lost in reporting the fraud. 
D) The actual loss of money. 
A) The loss of physical assets. 
B) The loss of credit,reputation,and erroneous information. 
C) Time lost in reporting the fraud. 
D) The actual loss of money.

Question 13

A fraudulent process whereby even representatives of legitimate MLMs are required to buy large,expensive amounts of inventory is known as _________.

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 14

Which act gives individuals the right to opt-out of having their information sold?

Accepted Answer

A) Identity Theft and Assumption Deterrence Act 
B) Family Education Rights and Privacy Act 
C) The Gramm-Leach-Bliley Act 
D) Fair Credit Reporting Act 
A) Identity Theft and Assumption Deterrence Act 
B) Family Education Rights and Privacy Act 
C) The Gramm-Leach-Bliley Act 
D) Fair Credit Reporting Act

Question 15

All of the following are symptoms of potential investment scams EXCEPT:

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

Which dimensional actions are the most risky 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 17

What makes telemarketing fraud more effective than Internet or mail-based approaches?

Accepted Answer

A) Reduced transaction costs. 
B) Opportunity to speak with a person directly. 
C) Increased size of the fraud. 
D) Absence of government regulations. 
A) Reduced transaction costs. 
B) Opportunity to speak with a person directly. 
C) Increased size of the fraud. 
D) Absence of government regulations.

Question 18

Which federal statute protects the privacy and confidentiality of patient information?

Accepted Answer

A) Family Educational Rights and Privacy Act 
B) Identity Theft and Assumption Deterrence Act 
C) Gramm-Leach-Bliley Act 
D) Health Information Portability and Accountability Act 
A) Family Educational Rights and Privacy Act 
B) Identity Theft and Assumption Deterrence Act 
C) Gramm-Leach-Bliley Act 
D) Health Information Portability and Accountability Act

Question 19

Common identity theft methods include all of the following,EXCEPT:

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 20

The Gramm-Leach-Bliley Act:

Accepted Answer

A) gives financial institutions the right to share personal information for a profit. 
B) expressly prevents financial institutions from sharing personal information. 
C) allows financial institutions to share personal information,as long as it is not for a profit. 
D) prevents identity theft and protects confidentiality of customer information. 
A) gives financial institutions the right to share personal information for a profit. 
B) expressly prevents financial institutions from sharing personal information. 
C) allows financial institutions to share personal information,as long as it is not for a profit. 
D) prevents identity theft and protects confidentiality of customer information.

_____ is a hi-tech method by which thieves capture personal or account information from a credit card,driver's license,or even a passport.

What is one of the biggest marketing campaigns of illegal MLMs?

Snake oil plans are plans:

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

A Nigerian money offer email scam is a form of _____.

Often,fraudsters contact potential identity theft victims and act as a representative of a business to verify previously gathered information.This is known as ________.

Which of the following observations is NOT true of foreign-advance fee scams?

Which act makes it illegal for any agency that receives federal funding to disclose privacy information about individuals?

Which stage is considered to be the most critical stage of the identity theft cycle?

Identify the complaint database developed by the U.S.Federal Trade Commission.

Federal law limits consumers' credit card fraud liability to ______.

What is the most detrimental consequence of identity theft?

A fraudulent process whereby even representatives of legitimate MLMs are required to buy large,expensive amounts of inventory is known as _________.

Which act gives individuals the right to opt-out of having their information sold?

All of the following are symptoms of potential investment scams EXCEPT:

Which dimensional actions are the most risky for the identity thief?

What makes telemarketing fraud more effective than Internet or mail-based approaches?

Which federal statute protects the privacy and confidentiality of patient information?

Common identity theft methods include all of the following,EXCEPT:

The Gramm-Leach-Bliley Act:

The Nature of Fraud

Why People Commit Fraud

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

Fraud in E-Commerce

Legal Follow-Up

Filters

Exam 15: Consumer Fraud

_____ is a hi-tech method by which thieves capture personal or account information from a credit card,driver's license,or even a passport.

What is one of the biggest marketing campaigns of illegal MLMs?

Snake oil plans are plans:

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

A Nigerian money offer email scam is a form of _____.

Often,fraudsters contact potential identity theft victims and act as a representative of a business to verify previously gathered information.This is known as ________.

Which of the following observations is NOT true of foreign-advance fee scams?

Which act makes it illegal for any agency that receives federal funding to disclose privacy information about individuals?

Which stage is considered to be the most critical stage of the identity theft cycle?

Identify the complaint database developed by the U.S.Federal Trade Commission.

Federal law limits consumers' credit card fraud liability to ______.

What is the most detrimental consequence of identity theft?

A fraudulent process whereby even representatives of legitimate MLMs are required to buy large,expensive amounts of inventory is known as _________.

Which act gives individuals the right to opt-out of having their information sold?

All of the following are symptoms of potential investment scams EXCEPT:

Which dimensional actions are the most risky for the identity thief?

What makes telemarketing fraud more effective than Internet or mail-based approaches?

Which federal statute protects the privacy and confidentiality of patient information?

Common identity theft methods include all of the following,EXCEPT:

The Gramm-Leach-Bliley Act:

The Nature of Fraud

Why People Commit Fraud

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

Fraud in E-Commerce

Legal Follow-Up

Filters