Financial Frauds in Retail

What is a warning sign that someone is using your personal information? ( Choose three)

• You find credit card charges you did not make.

• Debt collectors are calling you about debts that are not yours

• You get bills for medical expenses that you did not use

• card transactions are taking longer than ususal

What is a reasonable way to protect yourself from identity theft? ( choose three)

• Know the signs of phishing

• Strengthen your passwords

• Check your credit report often

• Always pay cash. never use debit card or credit card

Getting sensitive information by disguising as a trustworthy source in an electronic communication?( choose one)

• Investment scam

• Banking scam

• Pyramid schemes

• Phishing scams

What can you do to protect your identity online?( Choose three)

• Always use same password for every account

• Be careful about personal information you are sharing online

• Create a unique password with special characters

• shop only at secure websites

What are the long term effects of identity theft? ( Choose two)

• Inability to access your bank account

• Poor credit score

• Extremely time-consuming to fix the problem

• You will lose your job

The drawer writes a legitimate check but the fraudster changes some part of check like payee ( choose one)

• Closed account fraud

• Altered check

• Counterfeit check

• Forgery

Fraudster steals blank check and then fills up the amount and imitates the drawers signature( choose one)

• Forgery

• Altered check

• Counterfeit check

• Closed account fraud

Fraudster gets a real account number and creates a fake check using the real account number ( choose one)

• Forgery

• Closed account fraud

• counterfeit check

• Altered check

Using another person's name or personal information without permission to make purchases or get loan is called impersonation? ( choose one)

• True

• False

If someone comes to your door step offering a great opportunity to invest in a new company . You should ... ( choose one)

• You should listen to the Sales pitch because the person is legitimate

• You should listen as a sign of courtesy, although you are not interested

• Tell the person to leave, as you are not interested

• Sign up for the investment and tell your friends also to join