CFS Identity Theft & Prevention 3

Question 1

A fraudster calls a victim pretending to be an IRS agent and demands immediate payment using gift cards to avoid arrest. This is known as:

Accepted Answer

Vishing

Answer

Vishing (voice phishing) uses telephone calls to deceive victims into revealing personal information or making fraudulent payments, often impersonating government agencies.

Question 2

What is the primary purpose of a credit freeze (security freeze) for identity theft victims?

Accepted Answer

Prevent new creditors from accessing the credit report to open accounts

Answer

A credit freeze restricts access to a consumer's credit report, preventing lenders from pulling the report and thus blocking new account opening in the victim's name.

Question 3

Under FACTA, consumers are entitled to place an initial fraud alert on their credit file, which remains active for:

Accepted Answer

1 year

Answer

FACTA as amended by the Economic Growth Act provides that an initial fraud alert remains on a consumer's credit file for one year.

Question 4

Which of the following best describes 'account takeover' identity theft?

Accepted Answer

Gaining unauthorized control of an existing victim account

Answer

Account takeover involves a fraudster gaining access to and controlling an existing legitimate account, often by changing contact information to prevent victim notification.

Question 5

The FTC's IdentityTheft.gov website is the official resource for victims to:

Accepted Answer

Create a personalized recovery plan and dispute letters

Answer

IdentityTheft.gov guides victims through creating a personal recovery plan and generates pre-filled dispute letters for creditors, debt collectors, and businesses.

(CFS) Certified Fraud Specialist Practice Test

(CFS) Certified Fraud Specialist Practice Test

CFS Identity Theft & Prevention 3