Consumer Fraud

This question bank verified by Studydeets
All Questions
Filter by:
Question 1
Free
Multiple Choice

Consumer fraud is described as any fraud that:

Choose correct answer/s
A

Is committed by a consumer

B

Takes place against an individual

C

Is fraud committed within an organization

D

Comes from a separate country

Check answer
Question 2
Free
Multiple Choice

Consumer fraud includes all of the following, except:

Choose correct answer/s
A

Telephone fraud

B

Internet services or auctions

C

Identity theft

D

Invigilation

Check answer
Question 3
Free
Multiple Choice

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

Choose correct answer/s
A

Identity theft

B

Bogus MLMs

C

Magazine fraud

D

Telephone fraud

Check answer
Question 4
Free
Multiple Choice

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

Choose correct answer/s
A

Name and/or address

B

Bank account information

C

Social security information

D

All of the above

Check answer
Question 5
Free
Multiple Choice

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

Choose correct answer/s
A

Filing for bankruptcy in 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

Check answer
Question 6
Multiple Choice

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

Choose correct answer/s
A
Identity theft cycle
B
Fraud triangle
C
Investigative model
D
Personal vandalism cycle
To unlock the question
Question 7
Multiple Choice

Cover up or concealment actions involve any actions:

Choose correct answer/s
A
That keep an investigator warm during a surveillance
B
That are used to keep a potential fraudster unaware of invigilation
C
That are used to cover the financial footprints of a perpetrator
D
That cover up the investigative steps of a fraud investigator
To unlock the question
Question 8
Multiple Choice

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

Choose correct answer/s
A
To redirect their mail when investigations are discovered
B
To have a victim's mail sent to an alternative address as part of an identity theft scheme
To unlock the question
Question 9
Multiple Choice

Shoulder surfing is a scheme where:

Choose correct answer/s
A
Criminals physically confront consumers in order to force them to reveal information
B
Criminals follow consumers to discover their buying habits
C
Criminals determine the most susceptible victims
D
Criminals watch consumers from a nearby location to view credit card or PIN numbers
To unlock the question
Question 10
Multiple Choice

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

Choose correct answer/s
A
Shoulder surfing
B
Phishing
C
Skimming credit cards
D
Rummaging through a victim's trash
To unlock the question
Question 11
Multiple Choice

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

Choose correct answer/s
A
Opting out of pre-approved credit cards
B
Shredding mail that contains detailed information
C
Using strong passwords and changing them often
D
All of the above are methods of minimizing risk
To unlock the question
Question 12
Multiple Choice

Federal law limits consumers' debit card fraud liability to:

Choose correct answer/s
A
$50
B
$100
C
$150
D
$200
E
None of the above
To unlock the question
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:

Choose correct answer/s
A
Phishing
B
Pretexting
C
Mail stuffing
D
Skimming
E
None of the above
To unlock the question
Question 14
Multiple Choice

Cookies on the World Wide Web can be used to:

Choose correct answer/s
A
Force users to click on certain links to leave a web page
B
Gather personal and confidential information about a consumer
C
Steal social security numbers from email messages
D
Initiate popups to unknown sites
To unlock the question
Question 15
Multiple Choice

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

Choose correct answer/s
A
Pressures to get in early on the investment
B
A business with a history of bankruptcy
C
Use of a special tax loophole
D
Assurance of low personal involvement
E
All of the above are red flags for potential investment scams
To unlock the question
Question 16
Multiple Choice

The Gramm-Leach-Bliley Act:

Choose correct answer/s
A
Gives financial institutions the right to share personal information for a profit
B
Prevents financial institutions from sharing personal information for a profit
C
Allows financial institutions to share personal information, as long as it is not for a profit
D
Prevents financial institutions from sharing personal information in any form
To unlock the question
Question 17
Multiple Choice

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

Choose correct answer/s
A
Identity Theft and Assumption Deterrance Act
B
Family Education Rights and Privacy Act of 1974
C
The Gramm-Leach-Bliley Act
D
Fair Credit Reporting Act
To unlock the question
Question 18
Multiple Choice

Which act provides fines and punishments for identity theft?

Choose correct answer/s
A
Identity Theft and Assumption Deterrance Act
B
Family Education Rights and Privacy Act of 1974
C
The Gramm-Leach-Bliley Act
D
Fair Credit Reporting Act
To unlock the question
Question 19
Multiple Choice

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

Choose correct answer/s
A
Identity Theft and Assumption Deterrance Act
B
Family Education Rights and Privacy Act of 1974
C
The Gramm-Leach-Bliley Act
D
Fair Credit Reporting Act
To unlock the question
Question 20
Multiple Choice

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

Choose correct answer/s
A
Identity Theft and Assumption Deterrance Act
B
Family Education Rights and Privacy Act of 1974
C
The Gramm-Leach-Bliley Act
D
Fair Credit Reporting Act
To unlock the question