ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam CFE-Financial-Transactions-and-Fraud-Schemes Question # 3 Topic 1 Discussion

ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam CFE-Financial-Transactions-and-Fraud-Schemes Question # 3 Topic 1 Discussion

CFE-Financial-Transactions-and-Fraud-Schemes Exam Topic 1 Question 3 Discussion:
Question #: 3
Topic #: 1

Which of the following scenarios BEST describes an electronic funds transfer (EFT) fraud scheme?


A.

An individual uses another person's personal identifying information to fill out a credit card application in their name and plans to make online purchases using the new card.


B.

A hacker obtains the account and password information of consumers and uses them to direct funds from their accounts.


C.

A restaurant server secretly scans a customer's credit card information into a small device for fraudulent use at a later time.


D.

An employee of a person-to-person (P2P) provider misrepresents the number of hours that they worked to increase the amount of money earned on their paycheck.


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