Your Textbook Identified a Number of Mobile Banking Security Risks

question 28

Multiple Choice

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 ________________ .

• A) Phishing
• B) Smishing
• C) Cloning
• D) Vishing

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Definitions:

Flexible Budget

A financial tool that adjusts according to changes in the output or activity level, providing a more accurate comparison to actual results.

Actual Level

Represents the real, measured level of activity, production, or performance, as opposed to estimated or planned levels.

Revenue Variance

Revenue variance is the difference between actual revenue and budgeted or forecasted revenue, indicating the effectiveness of a company’s sales strategies.

Units Sold

The quantity of products or services sold by a company during a specific period of time.