Test your knowledge on fraud prevention

fraud prevention test

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In today’s world of digital banking and online transactions, keeping your personal and financial information secure is more important than ever. This quiz is designed to help you test your knowledge on fraud prevention and make sure you are up to speed on the best ways to protect yourself from scams and fraud. As you work through these questions, you’ll not only see how much you know but also pick up some handy tips for staying secure online.

Please find test answers below and good luck!

  1. What is the best practice for creating a strong password for your online account?
    1. Use your birthdate and a simple word;
    2. Use a combination of letters, numbers, and special characters;
    3. Use the same password for all your accounts for convenience;
    4. Use only numbers.

 

  1. What is a recommended step when using public Wi-Fi to access your financial accounts?
    1. Log in to your accounts only if you are using a VPN;
    2. Avoid accessing any financial accounts on public Wi-Fi;
    3. Use a public Wi-Fi network even if it is unsecured;
    4. Only use public Wi-Fi for non-sensitive transactions.

 

  1. What is a common indicator of a phishing attempt?
    1. An email from a known contact asking for verification;
    2. An email with urgent language asking you to confirm your account details;
    3. A phone call from your bank asking you to update your information;
    4. A notification from your bank’s app about a new feature.

 

  1. Which of the following actions is a sign that your account may be compromised?
    1. Receiving a confirmation email for a transaction you didn’t make;
    2. Regularly receiving marketing emails from your bank;
    3. Seeing advertisements for products you recently searched online;
    4. Noticing minor changes in the colour scheme of your bank’s website.

 

  1. Which of the following is a good practice for managing your account security?
    1. Sharing your account password with close friends for convenience;
    2. Regularly updating your security questions and answers;
    3. Using the same security questions for multiple accounts;
    4. Keeping your password written down near your computer for easy access.

 

  1. What should you do if you suspect your account details have been stolen?
    1. Immediately call your bank to report the issue and freeze your account;
    2. Wait and see if any suspicious activity occurs;
    3. Change your password and continue using the account as usual;
    4. Post about the issue on social media to warn others.

 

  1. What is two-factor authentication (2FA)?
    1. A method to recover a forgotten password;
    2. A security process that requires two separate forms of identification;
    3. A way to encrypt your emails;
    4. A feature that automatically logs you out after inactivity.

 

  1. Why is it important to keep your software and apps up to date?
    1. To access new features and improve performance;
    2. To ensure compatibility with your device;
    3. To protect against vulnerabilities and security threats;
    4. To avoid advertisements.

 

  1. How should you respond to unexpected account alerts or notifications?
    1. Ignore them if you are not expecting any changes;
    2. Verify the alert by contacting your bank using the phone number on their official website;
    3. Click on any links in the alert to follow instructions;
    4. Forward the alert to your friends to check if they received similar notifications.

 

  1. What should you do if you receive an email from your bank with a link to a login page?
    1. Click the link to check if it leads to your bank’s official site;
    2. Copy the link and paste it into your browser to verify its authenticity;
    3. Visit your bank’s website directly by typing the URL into your browser and log in from there;
    4. Open the link in an incognito window to avoid detection of fraud.

 

If you have any questions or need more information on how to protect yourself from fraud, don’t hesitate to contact us. You can reach us at [email protected] for personalized advice and further assistance. We’re here to help you stay informed and secure.

And here you go with the answers to the test above:

1-2; 2-2; 3-2; 4-1; 5-2; 6-1; 7-2; 8-3; 9-2; 10-3.

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