CFCS CFCS Cybercrime & Digital Forensics 3

Question 1

What role does a 'money mule' typically play in cyber-enabled financial crime?

Accepted Answer

Receiving and forwarding stolen funds to obscure the money trail

Answer

Hacking into bank systems

Answer

Creating fraudulent identities

Answer

Operating dark web marketplaces

Question 2

Under US law, which reporting obligation requires financial institutions to report cyber incidents that affect critical operations within 36 hours?

Accepted Answer

Computer-Security Incident Notification Final Rule (OCC/Fed/FDIC)

Answer

SAR filing under BSA

Answer

FinCEN Advisory reporting

Answer

SOX Section 302 certification

Question 3

What is 'credential stuffing' and how does it enable financial crime?

Accepted Answer

Using automated tools to test stolen username/password pairs against financial institution login portals

Answer

Falsifying loan documents with stolen credentials

Answer

Creating synthetic identities from real credential fragments

Answer

Bribing bank employees to disclose customer login data

Question 4

Which cryptocurrency characteristic makes it attractive for financial crime compared to traditional banking?

Accepted Answer

Pseudonymity and the ability to transact across borders without intermediaries

Answer

Higher transaction fees

Answer

Slower settlement times

Answer

Requirement for government ID to open a wallet

Question 5

What is 'SIM swapping' and what financial crime does it typically facilitate?

Accepted Answer

Fraudulently transferring a victim's phone number to a criminal's SIM to intercept authentication codes and take over accounts

Answer

Exchanging cryptocurrencies on decentralized exchanges

Answer

Cloning payment cards using skimming devices

Answer

Swapping stolen gift cards for cryptocurrency

Question 6

In a cyber-financial crime investigation, what does 'IP geolocation analysis' help investigators determine?

Accepted Answer

The approximate geographic location associated with internet connections used in fraudulent transactions

Answer

The exact physical street address of a cybercriminal

Answer

The identity of cryptocurrency wallet owners

Answer

The internal network topology of a hacked institution