Don Sends E-Mail to Eve and Several Others, Promising a Percentage

question 60

Multiple Choice

Don sends e-mail to Eve and several others, promising a percentage of the amount in a foreign bank account if the recipient of the e-mail will assist in transferring the funds to a U.S. bank account. Eve forwards her account number, but the funds are never sent. Instead, Don quickly withdraws the funds in Eve's account. This is

• A) no crime.
• B) identity theft.
• C) phishing.
• D) cyberterrorism.

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Definitions:

Salaries Payment

The process of distributing money to employees as compensation for their work.

Prepaid Subscriptions

Payments made in advance for subscription-based services, recognized as an asset until the service period has been fulfilled.

Calendar-Year

A one-year period that begins on January 1 and ends on December 31, used as the financial year by many countries and organizations.

Adjustment

A modification made to accounts or financial statements to correct them or to reflect changes in economic circumstances.