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:

Nodule

A small lump or mass of tissue within the body, which can be due to various causes, benign or malignant.

Stratum Corneum

The outermost layer of the skin, consisting of dead cells that provide a barrier to protect underlying tissue.

Stratum Granulosum

A layer of the epidermis found beneath the stratum lucidum and above the stratum spinosum, characterized by granular appearing cells.

Epidermis

The outermost layer of the skin, which acts as a barrier to protect against environmental elements, pathogens, and water loss.