Chapter 8: Scams

Question 1

3 COMMON TYPES OF INTERNET FRAUD AND SCAMS

Answer 1

1. Boiler Room
2. Romance Scam
3. Lottery Scam

Question 2

are online investment scams where high pressure sales tactics are sued to induce victims into investing money

Answer 2

Boiler Room

Question 3

are scams that aim to exploit romantic or compassionate nature manipulating emotional triggers to extract money, gifts, or personal information.

Answer 3

Romance Scam

Question 4

are scams prompting from “lottery company” prompting the user that they had won the prize.

Answer 4

Lottery Scam

Question 5

3 BANKING AND ONLINE ACCOUNT SCAMS

Answer 5

1. Card Skimming
2. Phishing
3. Email Spoofing

Question 6

is the illegal copying of information from the magnetic strip of a credit or ATM card.

Answer 6

Card Skimming

Question 7

comes from the analogy that internet scammers are using email to lure fish for confidential information.

Answer 7

Phishing

Question 8

is the creation of email messages with forges sender address.

Answer 8

Email Spoofing

Question 9

4 OTHER TYPE OF SCAMS

Answer 9

1. Nigerian 419 Scams
2. Overpayment Scams
3. Inheritance Scam
4. Emergency of “Grandparent” Scam

Question 10

someone overseas offering you a share in a large sum of money or a payment on the condition you help them to transfer money out of their country.

Answer 10

Nigerian 419 Scams

Question 11

when a scammer contacts you out of the blue to tell you that you’ve been left, or are entitled to claim, a large inheritance.

Answer 11

Inheritance Scam

Question 12

A grandparent receives a phone call from a con artist claiming to be one of his or her grandchildren.

Answer 12

Emergency of “Grandparent” Scam