Multiple Choice
Which of the following scenarios is essentially an example of fraud?
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6. Internal Controls and Reporting Cash
Fraud and the Fraud Triangle
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You can monitor and protect your financial data in all of the following ways except _____.
A
Using strong, unique passwords for your accounts
B
Regularly reviewing your bank statements
C
Sharing your passwords with trusted friends
D
Ignoring suspicious account activity
Verified step by step guidance1
Understand the context of the question: It is asking about ways to monitor and protect financial data, and you need to identify the option that does NOT help in achieving this goal.
Review each option provided: Analyze whether each action contributes to protecting financial data or poses a risk.
Option 1: 'Using strong, unique passwords for your accounts' - This is a recommended practice for securing financial data.
Option 2: 'Regularly reviewing your bank statements' - This helps in identifying unauthorized transactions and is a good practice for monitoring financial data.
Option 3: 'Sharing your passwords with trusted friends' - This is not a safe practice as it increases the risk of unauthorized access to your accounts, making it the correct answer to the question.
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