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GFOA CPFO Exam - Topic 6 Question 89 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 89
Topic #: 6
[All CPFO Questions]

As electronic commerce is the ripe of FRAUD, governments should secure bank security services that reduce the possibility of fraud, including all of these EXCEPT:

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Suggested Answer: C

by Reita at May 31, 2024, 02:28 PM

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Lorrie
3 months ago
Not sure about that, seems like a lot of unnecessary measures.
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Miss
3 months ago
Totally agree, none of these should be ignored!
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Avery
3 months ago
Wait, reverse positive pay? Does that even make sense?
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Jacki
4 months ago
I think ACH block is also super effective.
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Krystina
4 months ago
Positive pay is a must for fraud prevention!
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Enola
4 months ago
I’m leaning towards C being the odd one out, but I can’t recall the specifics about Reverse Positive Pay. I just hope I remember the definitions correctly!
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Bonita
4 months ago
I'm a bit lost on this one. I thought all of these options were related to fraud prevention, but I guess "None of these" could mean they all are valid?
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Juliana
4 months ago
I feel like I’ve seen a similar question before! I think ACH block is also a security measure, so maybe it’s Reverse Positive Pay that doesn’t belong here?
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Odelia
5 months ago
I remember studying about bank security services, but I'm not entirely sure which one doesn't fit. I think Positive Pay is definitely a fraud prevention tool.
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Vinnie
5 months ago
Okay, I've got this. The question is asking for the option that is NOT a fraud prevention service, so I'll eliminate the ones I recognize as security measures.
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Juan
5 months ago
Positive pay, ACH block, and reverse positive pay all sound like security services that could reduce fraud. I'll have to think this through logically to find the one that doesn't fit.
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Yasuko
5 months ago
Hmm, the wording is a bit tricky. I'll need to carefully read through the options to determine which one is not a fraud prevention measure.
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Sharita
5 months ago
This question seems straightforward, but I want to make sure I understand the concepts before answering.
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Alease
5 months ago
I'm a bit confused by this question. The options seem to cover different security features, but I'm not sure how they all relate to enabling Zero Trust. I'll need to review my notes on Zero Trust and SASE to figure this out.
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Jonelle
5 months ago
Okay, I think I've got this. The key is to use admin partitions to allow the same IP address for each load-balanced vServer.
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Yuki
5 months ago
Okay, I've got this. The GDPR provides for the European Commission to make adequacy decisions for certain non-EU countries, and I believe Argentina is one of them.
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Sharee
5 months ago
Hmm, I'm a bit confused on how to handle the tax rate in this problem. Do I need to adjust the retained earnings balance for the tax impact?
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Eveline
10 months ago
I don't know, this question is making my head spin. Maybe the answer is a magic trick that makes all the fraud disappear? Abracadabra, no more fraud!
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Bonita
9 months ago
C) Reverse Positive pay
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Josefa
10 months ago
B) ACH block
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Celeste
10 months ago
A) Positive pay
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Eun
10 months ago
This is a tough one. A and B both sound like they could help reduce fraud, but I'm not familiar with the term 'None of these'. Hmm, maybe I should have paid more attention in my e-commerce class.
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Rhea
10 months ago
I'm pretty sure the answer is C. Reverse positive pay seems like it would actually increase the possibility of fraud, not reduce it.
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An
9 months ago
Definitely, Positive pay seems like the most secure option out of the choices.
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Stephania
9 months ago
I would go with A) Positive pay as the best choice for reducing fraud.
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Yuette
10 months ago
Yeah, I agree. It doesn't seem like a good option for reducing fraud.
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Samira
10 months ago
I think you're right. Reverse positive pay does sound like it could make things worse.
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Ena
10 months ago
This question is definitely trying to trick us. Fraud is a serious issue, and the governments should be doing everything they can to reduce the risk.
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Stephaine
10 months ago
B) ACH block
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Bettina
10 months ago
A) Positive pay
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Val
11 months ago
I believe they should not include option D, None of these, because that doesn't actually help prevent fraud.
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Miriam
11 months ago
I agree, but which option do you think they should NOT include?
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Val
11 months ago
I think governments should definitely secure bank security services to reduce fraud.
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