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CTP · Question #347

(Topic 4) The School of Cash Management is dealing with a large bank that has been highly rated by Moody's and S&P. The School has a purchasing card program in place and is not using a highly secure…

The correct answer is A. Wire fraud. See the full explanation below for the reasoning.

Question

  • (Topic 4)

The School of Cash Management is dealing with a large bank that has been highly rated by Moody’s and S&P. The School has a purchasing card program in place and is not using a highly secure student registration data base. Both the School and the bank have highly automated payment processes. Based on the automation factor, the School should be MOST concerned about which of the following types of fraud exposure?

Options

  • AWire fraud
  • BPayroll fraud
  • CACH kiting fraud
  • DCredit card fraud

How the community answered

(29 responses)
  • A
    72% (21)
  • B
    17% (5)
  • C
    7% (2)
  • D
    3% (1)

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