CFE Certified Fraud Examiner Digital Forensics and Technology Fraud 1

Question 1

Which type of computer fraud involves an employee inserting unauthorized code that skims small amounts from many accounts into a single account?

Accepted Answer

Round-down scheme

Answer

A round-down scheme (also called a salami attack) involves programming a system to round down fractions of cents from many transactions and accumulate those fractions in a single account.

Question 2

Which term describes malware that encrypts a victim's files and demands payment for the decryption key?

Accepted Answer

Ransomware

Answer

Ransomware is malicious software that encrypts the victim's data and demands a ransom, typically in cryptocurrency, in exchange for the decryption key.

Question 3

In a Business Email Compromise (BEC) scheme, the fraudster typically impersonates which individual to authorize fraudulent wire transfers?

Accepted Answer

A senior executive such as the CEO or CFO

Answer

BEC schemes most commonly involve impersonating a senior executive (CEO or CFO) to pressure finance employees into authorizing fraudulent wire transfers.

Question 4

Which technique do fraudsters use to make an email appear to come from a legitimate source by altering the 'From' field?

Accepted Answer

Email spoofing

Answer

Email spoofing involves forging the sender's address in the email header to make the message appear to originate from a trusted or legitimate source.

Question 5

Which type of fraud involves creating fictitious identities by combining real and fabricated personal information to obtain credit?

Accepted Answer

Synthetic identity fraud

Answer

Synthetic identity fraud uses a blend of real information (often a Social Security number) combined with fabricated details to create a new fraudulent identity.

Certified Fraud Examiner Exam Practice Test

Certified Fraud Examiner Exam Practice Test

CFE Certified Fraud Examiner Digital Forensics and Technology Fraud 1