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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 84 discussion

Which of the following scenarios does NOT describe a card skimming or shimming scheme?

  • A. While processing a payment outside of the customer’s view, a retail employee uses a small device to scan and record the customer’s credit or debit card information.
  • B. A gadget attached to an ATM is used to fraudulently scan and record customers’ credit or debit card information while a small camera records their PINs.
  • C. When paying for a drink at a vending machine, a customer inserts their credit or debit card into a fraudulent device that scans and records their card information.
  • D. After processing a customer’s payment, a server returns with the receipt but keeps the credit or debit card hoping that the customer does not notice.
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Suggested Answer: B 🗳️

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_denw
1 week, 3 days ago
Selected Answer: D
This scenario describes physical card theft, not skimming or shimming. Skimming involves copying data from the card’s magnetic stripe using a small device. Shimming targets chip (EMV) cards, capturing data using a thin device inserted into the card reader.
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