Name: Score:
105 Multiple choice questions
Definition 1 of 105
Agent collects on a premium but does not give to the insurer.
Insurance Premium Fraud
Insurance Agent Fraud
Insurance agent fraud - premium fraud
Account takeover fraud
Definition 2 of 105
Reimbursement method for payment of institutional services.
Insurance agent fraud - premium fraud
Piggybacking
Inventory shrinkage
Diagnostic-related groupings (DRG)
Definition 3 of 105
Provider bills higher than services actually rendered
Downcoding
Superbilling
Upcoding
Unbundling
,Definition 4 of 105
The act of digging through trash receptacles to find information that can be useful in an attack.
Vishing
Dumpster diving
Identity theft
Piggybacking
Definition 5 of 105
software that collects and reports information without the user's knowledge
Trojan Horse
Ransomware
Spyware
Malware
Definition 6 of 105
1. Omitting
2. Improperly capitalizing costs
3. Failing to disclose warranty costs and product-return liabilities
Four main types of expense reimbursement schemes
T/F: Falsely increasing perpetual inventory would only worsen the inventory shrinkage
problem
Direct-action virus
Three common methods for concealing liabilities and expenses
,Definition 7 of 105
One that is not being repaid.
Defective Pricing
Noncompetition Agreement
Nonperforming Loan
Sham Loan Scheme
Definition 8 of 105
When fraudster sends a consumer a letter saying they already won a prize.
unrecorded sales scheme
1-in-5 scheme
pass-through scheme
pyramid scheme
Definition 9 of 105
Comparing the same accounts between different periods
Horizontal analysis
Substantive strategy
Vertical analysis
Accounting estimates
Term 10 of 105
T/F: Account reconciliations will detect a skimming scheme.
True
False
, Definition 11 of 105
Agent obtains fake death certificate and requests death claim. The agent steals the payment
Insurance agent support - helping clients with paperwork
Insurance agent training - learning about claim processes
Insurance agent investigation - verifying legitimate claims
Insurance agent fraud - fictitious death claims
Definition 12 of 105
getting money by threats
Kickbacks
Embezzlement
Illegal Gratuity
Extortion
Term 13 of 105
T/F: To better control bank accounts, companies should segregate them
True
False
Definition 14 of 105
When a fraudster surreptitiously takes control of a payment account.
Account takeover fraud
Insurance agent fraud
Identity fraud
Bust-out fraud
105 Multiple choice questions
Definition 1 of 105
Agent collects on a premium but does not give to the insurer.
Insurance Premium Fraud
Insurance Agent Fraud
Insurance agent fraud - premium fraud
Account takeover fraud
Definition 2 of 105
Reimbursement method for payment of institutional services.
Insurance agent fraud - premium fraud
Piggybacking
Inventory shrinkage
Diagnostic-related groupings (DRG)
Definition 3 of 105
Provider bills higher than services actually rendered
Downcoding
Superbilling
Upcoding
Unbundling
,Definition 4 of 105
The act of digging through trash receptacles to find information that can be useful in an attack.
Vishing
Dumpster diving
Identity theft
Piggybacking
Definition 5 of 105
software that collects and reports information without the user's knowledge
Trojan Horse
Ransomware
Spyware
Malware
Definition 6 of 105
1. Omitting
2. Improperly capitalizing costs
3. Failing to disclose warranty costs and product-return liabilities
Four main types of expense reimbursement schemes
T/F: Falsely increasing perpetual inventory would only worsen the inventory shrinkage
problem
Direct-action virus
Three common methods for concealing liabilities and expenses
,Definition 7 of 105
One that is not being repaid.
Defective Pricing
Noncompetition Agreement
Nonperforming Loan
Sham Loan Scheme
Definition 8 of 105
When fraudster sends a consumer a letter saying they already won a prize.
unrecorded sales scheme
1-in-5 scheme
pass-through scheme
pyramid scheme
Definition 9 of 105
Comparing the same accounts between different periods
Horizontal analysis
Substantive strategy
Vertical analysis
Accounting estimates
Term 10 of 105
T/F: Account reconciliations will detect a skimming scheme.
True
False
, Definition 11 of 105
Agent obtains fake death certificate and requests death claim. The agent steals the payment
Insurance agent support - helping clients with paperwork
Insurance agent training - learning about claim processes
Insurance agent investigation - verifying legitimate claims
Insurance agent fraud - fictitious death claims
Definition 12 of 105
getting money by threats
Kickbacks
Embezzlement
Illegal Gratuity
Extortion
Term 13 of 105
T/F: To better control bank accounts, companies should segregate them
True
False
Definition 14 of 105
When a fraudster surreptitiously takes control of a payment account.
Account takeover fraud
Insurance agent fraud
Identity fraud
Bust-out fraud
