Practice Test Geeks(CIPA) Certified Identity Protection Advisor Practice Test
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CIPA Financial Account Monitoring & Protection Flashcards

6 cards from real CIPA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 CIPA Financial Account Monitoring & Protection flashcards as text

  1. What is a credit freeze (security freeze) and how does it protect against identity theft?

    Answer: It restricts access to your credit report, preventing new credit from being opened in your name

    A credit freeze blocks potential creditors from accessing your credit report, making it nearly impossible for identity thieves to open new accounts in your name.

  2. Under the Fair Credit Reporting Act (FCRA), how often can a consumer request a free credit report from each of the three major bureaus?

    Answer: Once per year

    The FCRA entitles consumers to one free credit report per year from each of the three major bureaus (Equifax, Experian, TransUnion) via AnnualCreditReport.com.

  3. What is a fraud alert on a credit file and how does it differ from a credit freeze?

    Answer: A fraud alert asks lenders to take extra steps to verify identity before extending credit; a freeze blocks access entirely

    A fraud alert flags your credit file so lenders must verify your identity before issuing new credit, while a credit freeze completely restricts access to the file.

  4. Which federal agency should a client contact to report identity theft and create an official recovery plan?

    Answer: The Federal Trade Commission (FTC) at IdentityTheft.gov

    The FTC's IdentityTheft.gov provides a personalized recovery plan and official documentation that can be used with creditors and law enforcement.

  5. A client notices an unfamiliar account on their credit report. What is the first recommended action a CIPA advisor should suggest?

    Answer: Dispute the account with the credit bureau and the original creditor, and place a fraud alert

    Disputing fraudulent accounts with the credit bureau and creditor, combined with placing a fraud alert, initiates the formal correction process and protects against further fraud.

  6. What is 'new account fraud' in the context of identity theft?

    Answer: Using a victim's stolen personal information to open brand new credit accounts

    New account fraud occurs when a thief uses a victim's stolen PII—such as SSN and date of birth—to apply for new credit cards, loans, or other financial accounts.

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Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. identitymanagementinstitute.org — Renewal, score validity, registration deadline, eligibility, fees, exam format, passing score, retake policy, test dates, test delivery · verified Oct 2026