A fraudster changes the physical address or e-mail of the victim so that credit card statements are sent by the financial institution to the perpetrator rather than the victim. Which stage of the identity theft cycle is being discussed here?
A) Verification stage
B) Trial stage
C) Discovery stage
D) Action stage

Question

Quizplus · Accepted Answer

This scenario is describing the action stage of the identity theft cycle, where the fraudster takes action to carry out the theft by changing the victim's contact information to redirect credit card statements to the perpetrator. The verification stage involves obtaining information about the victim, while the trial stage involves testing the information to see if it works in conducting fraudulent activity. The discovery stage involves finding potential victims and gathering identifying information.

A Fraudster Changes the Physical Address or E-Mail of the Victim