NAB Fraud Prevention

Question 1

What is identity theft?

Accepted Answer

The unauthorized use of someone's personal information for financial gain

Answer

Losing your identification

Answer

Changing your name legally

Answer

Having a common name

Question 2

What are common signs of a phishing email?

Accepted Answer

Urgent language, misspelled sender addresses, requests for personal information, and suspicious links

Answer

Professional formatting always means it is legitimate

Answer

Emails from banks are always authentic

Answer

Short emails are always safe

Question 3

What should you do if you suspect your bank account has been compromised?

Accepted Answer

Contact your bank immediately, change passwords, and monitor accounts for unauthorized activity

Answer

Wait and see if the problem resolves itself

Answer

Only change your password

Answer

Close all your accounts permanently

Question 4

What is a Ponzi scheme?

Accepted Answer

A fraudulent investment that pays returns to earlier investors using new investors' money rather than profits

Answer

A legitimate investment strategy

Answer

A type of savings account

Answer

A government bond program

Question 5

What is chip technology in credit and debit cards?

Accepted Answer

An embedded microchip that creates a unique transaction code for each purchase, reducing fraud

Answer

A decorative element on the card

Answer

A tracking device

Answer

A feature that increases the card's weight

Question 6

What is two-factor authentication and why should you use it?

Accepted Answer

A security method requiring two forms of verification, significantly reducing unauthorized access

Answer

An optional convenience feature

Answer

A way to log in faster

Answer

A feature only for business accounts