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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 21 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 21
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following statements regarding new account fraud is MOST ACCURATE?

  • A. Mobile deposits are at high risk for new account fraud because face-to-face transactions are not required.
  • B. Automated teller machines (ATMs) are rarely targets of new account fraud because most have cameras installed.
  • C. Fraud is more likely to occur in established accounts than in accounts that have been newly opened.
  • D. New account fraud can be defined as any fraud that occurs on an account within the first year that it is open.
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Suggested Answer: D 🗳️
by 5a97e10 at Nov. 29, 2024, 10:43 p.m.

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5a97e10
4 days, 9 hours ago
Selected Answer: A
A for sure
upvoted 1 times
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