What are the 3 fraud risk factors? - correct answer -Fraud Event Risk
-Customer Experience
-Regulatory Compliance
What are the 3 fraud management levers? - correct answer -Prevention
-Detection
-Response
What is the fastest growing crime in America? - correct answer identity theft
...
CAFP
What are the 3 fraud risk factors? - correct answer -Fraud Event Risk -Customer Experience -Regulatory Compliance
What are the 3 fraud management levers? - correct answer -Prevention -Detection -Response
What is the fastest growing crime in America? - correct answer identity theft
What are the 2 main providers for wire transfers? - correct answer Fedwire & CHIPS
What is the limit for the FBI "Financial Fraud Kill Chain" process? - correct answer $50,00 or more for unauthorized wire transfers
What is a threat actor? - correct answer cybercriminal
What 4 areas does FIN-2016-A005 address? - correct answer -SARs for cyber enabled crimes -Including relevant IP addresses for SARs
-Collaborating with fraud, BSA, and AML units with in house cyber security units to identify suspicious activity
-Sharing information among other FI's to guard against and report money laundering, terrorism financing
and cyber-enabled crime
What is TTPs - correct answer Tactics, Techniques, and Procedures in cyber security The US governments office of the Director of National Intelligence Cyber Threat Framework created what? - correct answer STIX (structured threat information eXpression) that is used to data analyze and share cyber activity
What are the 6 types of threat actors? - correct answer Hacktivist, Nation-states, cyber-terrorists, organized crime, insiders, and cyber criminals,
What is a hacktivist? - correct answer A cyber criminal with motivation for political, retaliation, or ideological gain. They commonly target governments, individuals, corporations, or ideology. They attack multiple computers to flood a network.
What is a Nation-State? - correct answer A government or group of individuals with motivation for political, retaliation, or ideological gain. They commonly target governments, corporations, individuals, critical infrastructures, and ideology. They attack human intelligence and spear fish emails.
What is DDOS? - correct answer Distributed denial of service - an attack that occurs when multiple systems attack a single system at the same time
What is cyberterrorist? - correct answer A government or group of individuals with motivation for political, retaliation, or ideological gain. They commonly target governments, corporations, individuals, critical infrastructures, and ideology. They attack multiple computers to flood a network with viruses and
worms.
What is organized crime? - correct answer A cyber criminal who will commit fraud and launder ill gotten funds to create confusion and creating complex transaction trails, set up shell corporations, and leverage
jurisdictions with weak AML or cyber security laws.
What is a cyber criminal? - correct answer A cyber criminal that is a hacker/fraudster or a mercenary colluding with a nation state. Their motivation is financial, reputation, and retaliation. They commonly target governments, corporations, individuals, non profits, and education systems. They attack by phishing and spoofing and Business Email Compromise.
Under 314 (b) FI's are encouraged to share information. What are some organizations that provide venues for sharing cyber enables financial crimes? - correct answer FS-ISAC, NCFTA, US Secret Service
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