Podcast
Questions and Answers
Which type of card fraud is more common nowadays?
Which type of card fraud is more common nowadays?
- Card fraud is not common
- Card-not-present fraud (correct)
- Both are equally common
- Card-present fraud
What information is typically stored on a credit card's magnetic stripe?
What information is typically stored on a credit card's magnetic stripe?
- Cardholder's name
- Card number
- Expiration date
- All of the above (correct)
Which techniques are commonly used to detect credit card fraud?
Which techniques are commonly used to detect credit card fraud?
- Rule induction techniques
- Decision trees
- Neural networks
- All of the above (correct)
Which organization created the Payment Card Industry Data Security Standard (PCI DSS)?
Which organization created the Payment Card Industry Data Security Standard (PCI DSS)?
What is the total amount of unauthorised financial fraud losses across payment cards and remote banking in the United Kingdom in 2018?
What is the total amount of unauthorised financial fraud losses across payment cards and remote banking in the United Kingdom in 2018?
How can credit card fraud be detected and prevented?
How can credit card fraud be detected and prevented?
Which algorithm helps detect misclassifications in credit card fraud detection by using "neighbor solutions"?
Which algorithm helps detect misclassifications in credit card fraud detection by using "neighbor solutions"?
Which programming language is NOT commonly used in machine learning for credit card fraud detection?
Which programming language is NOT commonly used in machine learning for credit card fraud detection?
What is the term for when a person uses stolen or fake documents to open an account in another person's name?
What is the term for when a person uses stolen or fake documents to open an account in another person's name?
Which type of fraud involves fraudsters attempting to assume control of a customer's account?
Which type of fraud involves fraudsters attempting to assume control of a customer's account?
Flashcards
Card-not-present fraud
Card-not-present fraud
Fraud where the physical card is not present during the transaction, often occurring online or over the phone.
Magnetic stripe info
Magnetic stripe info
Account number, expiration date, and cardholder's name.
Fraud detection techniques
Fraud detection techniques
Techniques such as neural networks, fraud scoring, and rule-based systems.
PCI DSS creator
PCI DSS creator
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UK fraud losses in 2018
UK fraud losses in 2018
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Detecting fraud by AI
Detecting fraud by AI
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Misclassification detection
Misclassification detection
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Application fraud
Application fraud
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Account takeover
Account takeover
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