Consumer Fraud

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Questions Bank

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
Consumer Fraud
Bankruptcy, Divorce, and Tax Fraud
Fraud in E-Commerce
Legal Follow-Up

All Questions

Question 1

Free

Multiple Choice

Consumer fraud is described as any fraud that:

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Is committed by a consumer

Takes place against an individual

Is fraud committed within an organization

Comes from a separate country

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Question 2

Free

Multiple Choice

Consumer fraud includes all of the following, except:

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Telephone fraud

Internet services or auctions

Identity theft

Invigilation

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Question 3

Free

Multiple Choice

According to the Federal Trade Commission, the largest type of consumer fraud is:

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Identity theft

Bogus MLMs

Magazine fraud

Telephone fraud

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Question 4

Free

Multiple Choice

Identity theft is used to describe those circumstances when someone uses another person's:

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Name and/or address

Bank account information

Social security information

All of the above

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Question 5

Free

Multiple Choice

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

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Filing for bankruptcy in the victim's name

Opening new bank accounts in the victim's name

Changing a victim's mailing address

Destroying personal property, such as a home or car

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Question 6

Multiple Choice

Discovery (gaining and verifying information) is part of the:

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Identity theft cycle

Fraud triangle

Investigative model

Personal vandalism cycle

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Question 7

Multiple Choice

Cover up or concealment actions involve any actions:

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That keep an investigator warm during a surveillance

That are used to keep a potential fraudster unaware of invigilation

That are used to cover the financial footprints of a perpetrator

That cover up the investigative steps of a fraud investigator

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Question 8

Multiple Choice

Fraudsters might complete a change of address form at the local post office:

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To redirect their mail when investigations are discovered

To have a victim's mail sent to an alternative address as part of an identity theft scheme

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Question 9

Multiple Choice

Shoulder surfing is a scheme where:

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Criminals physically confront consumers in order to force them to reveal information

Criminals follow consumers to discover their buying habits

Criminals determine the most susceptible victims

Criminals watch consumers from a nearby location to view credit card or PIN numbers

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Question 10

Multiple Choice

Which of the following method involves using the Internet to steal information?

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Shoulder surfing

Phishing

Skimming credit cards

Rummaging through a victim's trash

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Question 11

Multiple Choice

All of the following are ways to minimize your risk of identity theft, except:

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Opting out of pre-approved credit cards

Shredding mail that contains detailed information

Using strong passwords and changing them often

All of the above are methods of minimizing risk

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Question 12

Multiple Choice

Federal law limits consumers' debit card fraud liability to:

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$50

$100

$150

$200

None of the above

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Question 13

Multiple Choice

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

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Phishing

Pretexting

Mail stuffing

Skimming

None of the above

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Question 14

Multiple Choice

Cookies on the World Wide Web can be used to:

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Force users to click on certain links to leave a web page

Gather personal and confidential information about a consumer

Steal social security numbers from email messages

Initiate popups to unknown sites

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Question 15

Multiple Choice

All of the following are red flags for potential investment scams except:

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Pressures to get in early on the investment

A business with a history of bankruptcy

Use of a special tax loophole

Assurance of low personal involvement

All of the above are red flags for potential investment scams

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Question 16

Multiple Choice

The Gramm-Leach-Bliley Act:

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Gives financial institutions the right to share personal information for a profit

Prevents financial institutions from sharing personal information for a profit

Allows financial institutions to share personal information, as long as it is not for a profit

Prevents financial institutions from sharing personal information in any form

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Question 17

Multiple Choice

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

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Identity Theft and Assumption Deterrance Act

Family Education Rights and Privacy Act of 1974

The Gramm-Leach-Bliley Act

Fair Credit Reporting Act

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Question 18

Multiple Choice

Which act provides fines and punishments for identity theft?

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Identity Theft and Assumption Deterrance Act

Family Education Rights and Privacy Act of 1974

The Gramm-Leach-Bliley Act

Fair Credit Reporting Act

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Question 19

Multiple Choice

Which act gives companies the right to sell consumer information for a profit?

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Identity Theft and Assumption Deterrance Act

Family Education Rights and Privacy Act of 1974

The Gramm-Leach-Bliley Act

Fair Credit Reporting Act

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Question 20

Multiple Choice

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

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Identity Theft and Assumption Deterrance Act

Family Education Rights and Privacy Act of 1974

The Gramm-Leach-Bliley Act

Fair Credit Reporting Act

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