Your Textbook Identified a Number of Mobile Banking Security Risks

question 84

True/False

Your textbook identified a number of mobile banking security risks. Using a fraudulent text message SMS), to trick the receiver into divulging critical information such as account numbers, passwords, or other identifying information is called smishing.

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Definitions:

Private Equity Funds

Investment companies that raise funds from individuals and institutional investors and use the funds to take large stakes in a wide range of public and private companies.

Venture Capitalists

Business firms or groups of individuals that invest in new and growing firms in exchange for an ownership share.

Hedge Funds

Investment funds that employ various strategies to earn active returns for their investors, often engaging in aggressive tactics and leveraging.

Institutional Investors

Organizations such as pension funds, insurance companies, and mutual funds that invest large sums of money in securities and other investment assets.