CFCS CFCS Cybercrime & Digital Forensics

Question 1

Which type of cyberattack involves criminals infiltrating a business email system to redirect wire transfers to fraudulent accounts?

Accepted Answer

Business Email Compromise (BEC)

Answer

Business Email Compromise (BEC) is a sophisticated scam targeting businesses that perform wire transfers by compromising legitimate email accounts to redirect funds.

Question 2

What term describes the process of tracing the movement of illicit funds through cryptocurrency transactions?

Accepted Answer

Blockchain forensics

Answer

Blockchain forensics involves analyzing the public ledger of cryptocurrency transactions to trace the flow of funds and identify illicit activity.

Question 3

Which US agency maintains the Internet Crime Complaint Center (IC3) for reporting cybercrime?

Accepted Answer

FBI

Answer

The FBI operates IC3, which serves as a central hub for reporting internet-facilitated criminal activity in the United States.

Question 4

What is 'ransomware-as-a-service' (RaaS) in the context of financial crime?

Accepted Answer

A criminal business model where ransomware developers lease tools to affiliates who split ransom proceeds

Answer

RaaS is a criminal enterprise model where malware developers provide ransomware tools to affiliates in exchange for a percentage of ransom payments, lowering barriers to cybercrime.

Question 5

When investigating cybercrime proceeds, which cryptocurrency feature most complicates asset tracing?

Accepted Answer

Mixing/tumbling services

Answer

Cryptocurrency mixing or tumbling services obscure the origin of funds by pooling and redistributing coins, making blockchain forensics significantly more difficult.

CFCS - Certified Financial Crime Specialist Practice Test

CFCS - Certified Financial Crime Specialist Practice Test

CFCS CFCS Cybercrime & Digital Forensics