Banking Fraud Quiz

What is the most common type of fraud faced by banks?

• Identity Theft

• Phishing

• Credit Card Fraud

• Loan Fraud

Which element is not part of the Fraud Triangle?

• Pressure

• Rationalization

• Opportunity

• Deception

Phishing is a type of fraud that typically involves:

• Stealing physical credit cards  

• Sending fake emails to obtain personal information  

• Hacking into bank accounts  

• Faking signatures on checks  

Which of the following is an example of cyber fraud?

• Check kiting

• ATM skimming

• Social engineering attacks

• Insider trading

What should be your first action if a customer reports an unauthorized transaction on their account?

• Tell them to contact the store where the transaction was made  

• Immediately block the customer's card  

• Ask them to monitor their account for a few days  

• Suggest they change their account password  

Which type of fraud involves creating a fake website that mimics a legitimate one to steal personal information?

• Pharming  

• Vishing

• Smishing

• Spoofing

What is a common red flag for potential insider fraud?

• High employee turnover  

• Employees with frequent financial difficulties  

• Regular audits  

• Well defined access controls  

Two factor authentication (2FA) helps prevent which type of fraud?

• Account takeover  

• Loan fraud  

• Check fraud  

• Money laundering  

Which of the following is not a common method used in identity theft?

• Dumpster diving

• Shoulder surfing

• Maninthemiddle attack

• Skimming

To protect yourself from online banking fraud, you should:

• Use public WiFi networks for banking  

• Ignore software updates  

• Use strong, unique passwords for your accounts  

• Share your login details with trusted friends