Question 1

Which of the following terms is used to describe an email scam where the sender claims an individual can make a substantial sum of money by providing the sender with their personal information.&#10;A) Congolese&#10;B) Russian&#10;C) Nigerian&#10;D) Iowan

Accepted Answer

Nigerian email scams, also known as "419 scams," involve an individual receiving an email from someone claiming to be a wealthy Nigerian prince or government official who needs help transferring a large sum of money out of the country. The sender requests personal information or an initial deposit before the individual can receive a share of the money. However, the entire scheme is a scam and the individual is tricked into giving away their personal information or money.

Question 2

In the US, what is the term used to describe the unlawful use or possession of a means of identification of another person with the intent to engage in illegal activity.&#10;A) identity theft&#10;B) identity fraud&#10;C) carding&#10;D) phishing

Accepted Answer

The term used to describe the unlawful use or possession of a means of identification of another person with the intent to engage in illegal activity is identity theft. Identity fraud refers to the use of false information to obtain something of value, while carding refers to the practice of using stolen credit card information to make fraudulent purchases. Phishing is a type of online scam where criminals use fake emails or websites to trick people into revealing personal information.

Question 3

Which of the following terms describes an email scam where the recipient can perform a job out of their home for a substantial profit by cashing checks, purchasing goods, or other jobs.&#10;A) pump and dump&#10;B) work-at-home schemes&#10;C) 419 scam&#10;D) dating

Accepted Answer

The term that describes an email scam where the recipient can perform a job out of their home for a substantial profit by cashing checks, purchasing goods, or other jobs is work-at-home schemes.

Question 4

What is the most common term used to describe a disreputable vendor in carding markets who may not provide products or sells bad data?&#10;A) unverified seller&#10;B) administrator&#10;C) verified seller&#10;D) ripper

Accepted Answer

The term "ripper" is commonly used in carding markets to describe a disreputable vendor who may not provide products or sells bad data. The other options - unverified seller, administrator, and verified seller - do not necessarily imply that the vendor is untrustworthy or fraudulent.

Question 5

What is the name of the US federal statute used to prosecute cases of posession or use of PII without the owner's authorization?&#10;A) Copyright Act of 1976&#10;B) Identity Theft and Assumption Deterrence Act of 1998&#10;C) Computer Fraud and Abuse Act&#10;D) The PATRIOT Act

Accepted Answer

The Identity Theft and Assumption Deterrence Act of 1998 is a federal statute that provides for the prosecution of individuals who knowingly possess or use personal identifying information (PII) without the owner's authorization with the intent to commit or aid in any unlawful activity. This includes identity theft, credit fraud, and other related crimes.

Question 6

Which US state was the first to implement a data breach law?&#10;A) California&#10;B) Texas&#10;C) Rhode Island&#10;D) Florida

Accepted Answer

In 2002, California became the first US state to implement a data breach law, requiring companies to notify individuals if their personal information was compromised in a security breach. Other states have since followed suit with their own variations of data breach notification laws.

Question 7

What agency in the UK manages and coordinates fraud complaints from citizens?&#10;A) Anti-Phishing Working Group&#10;B) National White Collar Crime Center&#10;C) National Fraud Authority&#10;D) The Internet Crime Complaint Center

Accepted Answer

The National Fraud Authority is the agency in the UK that manages and coordinates fraud complaints from citizens. The Anti-Phishing Working Group, National White Collar Crime Center, and The Internet Crime Complaint Center are all organizations that focus on combating different types of cybercrime and are not specifically responsible for managing and coordinating fraud complaints in the UK.

Question 8

What is the term used to describe spam email scams where the senders attempt to manipulate individuals into the purchase of penny stocks?&#10;A) work-at-home schemes&#10;B) Advance Fee Fraud&#10;C) phishing&#10;D) Pump and Dump schemes

Accepted Answer

The term used to describe such spam email scams where the senders attempt to manipulate individuals into the purchase of penny stocks is Pump and Dump schemes. These schemes involve falsely promoting a low-priced stock to artificially inflate its value, after which the scammers sell their shares at a profit and the remaining investors lose money.

Question 9

What is the primary vector used by scammers to identify potential victims for romance scams?&#10;A) online dating sites&#10;B) email&#10;C) Myspace&#10;D) none of the above

Accepted Answer

Online dating sites are the primary vector used by scammers to identify potential victims for romance scams. These sites provide scammers with access to a large pool of individuals who are seeking romantic relationships and may be more vulnerable to manipulation and fraud.

Deck 5: Economic Crimes and Online Fraud