Credit Card Fraud Prevention Quiz

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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?

Cardholder's name

Card number

Expiration date

All of the above (correct)

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)?

Payment card industry Signup and view all the answers

What is the total amount of unauthorised financial fraud losses across payment cards and remote banking in the United Kingdom in 2018?

£844.8 million Signup and view all the answers

How can credit card fraud be detected and prevented?

Through artificial intelligence and machine learning Signup and view all the answers

Which algorithm helps detect misclassifications in credit card fraud detection by using "neighbor solutions"?

MBO Algorithm Signup and view all the answers

Which programming language is NOT commonly used in machine learning for credit card fraud detection?

Java Signup and view all the answers

What is the term for when a person uses stolen or fake documents to open an account in another person's name?

Application fraud Signup and view all the answers

Which type of fraud involves fraudsters attempting to assume control of a customer's account?

Account takeover Signup and view all the answers

Credit Card Fraud Prevention Quiz

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Questions and Answers

Which type of card fraud is more common nowadays?

What information is typically stored on a credit card's magnetic stripe?

Which techniques are commonly used to detect credit card fraud?

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?

How can credit card fraud be detected and prevented?

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?

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?

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