Frauds and Scams

Question 1

What is Fraud?

Answer 1

Wrongful or criminal deception that is intended to result in financial or personal gain for the attacker

Question 2

What is Identity Fraud and Identity Theft?

Answer 2

Involves the use of another person’s personal information without their authorization to commit a crime or to deceive or defraud that other person or some other third party

Question 3

What is the difference between Identity fraud and Identity theft?

Answer 3

In identity fraud, the attacker takes the victim’s credit card number, while in identity theft, the attacker tries to fully assume the identity of their victim

Question 4

What is a scam?

Answer 4

Fraudulent or deceptive act or operation, with Invoice scam being the most common

Question 5

What is Invoice Scam?

Answer 5

A person is tricked into paying for a fake invoice for a product or service that they didn’t order