CFCS CFCS Cybercrime & Digital Forensics 2

Question 1

Which federal law specifically criminalizes unauthorized access to computers and is frequently used to prosecute cybercrime in the US?

Accepted Answer

Computer Fraud and Abuse Act (CFAA)

Answer

The Computer Fraud and Abuse Act (CFAA) is the primary US federal statute governing computer-related crimes including unauthorized access and fraud.

Question 2

What is 'dark web' marketplace activity most commonly associated with in financial crime investigations?

Accepted Answer

Sale of stolen financial data, drugs, and money laundering services

Answer

Dark web marketplaces primarily facilitate the sale of stolen financial credentials, personally identifiable information, narcotics, and money laundering services.

Question 3

In digital forensics, what is a 'chain of custody' and why is it critical in financial crime cases?

Accepted Answer

A documented record ensuring digital evidence integrity and admissibility in court

Answer

Chain of custody documents every person who handled digital evidence and all actions taken, ensuring its integrity and legal admissibility in criminal proceedings.

Question 4

Which financial crime technique involves criminals creating fraudulent online storefronts to collect payments for goods never delivered?

Accepted Answer

E-commerce fraud / ghost merchant scheme

Answer

Ghost merchant schemes involve setting up fake online stores that collect payments but never fulfill orders, generating illicit revenue through consumer fraud.

Question 5

What does a financial institution's SIEM system primarily do in the context of cybercrime detection?

Accepted Answer

Collects and correlates security event data to detect anomalous activity in real time

Answer

A Security Information and Event Management (SIEM) system aggregates logs from across an organization's IT infrastructure and uses correlation rules to detect suspicious patterns indicative of cyber threats.

CFCS - Certified Financial Crime Specialist Practice Test

CFCS - Certified Financial Crime Specialist Practice Test

CFCS CFCS Cybercrime & Digital Forensics 2