Which of the Following Is an Example of Processor Fraud

question 23

Multiple Choice

Which of the following is an example of processor fraud?

• A)A man used desktop publishing to prepare bills for office supplies that were never ordered or delivered and mailed them to local companies.The invoices were for less than $300,an amount that often does not require purchase orders or approvals.A high percentage of the companies paid the bills.
• B)Two accountants without the appropriate access rights hacked into Cisco's stock option system,transferred over $6.3 million of Cisco stock to their brokerage accounts,and sold the stock.They used part of the funds to support an extravagant lifestyle,including a $52,000 Mercedes-Benz,a $44,000 diamond ring,and a $20,000 Rolex watch.
• C)The office manager of a Wall Street law firm sold information to friends and relatives about prospective mergers and acquisitions found in Word files.They made several million dollars trading the securities.
• D)A fraud perpetrator scanned a company paycheck,used desktop publishing software to erase
• The payee and amount,and printed fictitious paychecks.

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Definitions:

Court System

The judiciary system responsible for interpreting law, administering justice, and resolving disputes through courts of law.

Food Poisoning

An illness caused by consuming contaminated food, often with bacteria, viruses, or other pathogens.

Medical Provider

A healthcare professional or organization that delivers medical services to patients.

Account Type

Refers to the classification of bank or financial accounts based on their purpose or nature, such as savings, checking, or investment accounts.