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:
Suggested Answer: C
Get Premium CPFO Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
33 comments · newest first
LO
Lorrie
11 months ago
Not sure about that, seems like a lot of unnecessary measures.
MI
Miss
11 months ago
Totally agree, none of these should be ignored!
AV
Avery
11 months ago
Wait, reverse positive pay? Does that even make sense?
JA
Jacki
12 months ago
I think ACH block is also super effective.
KR
Krystina
12 months ago
Positive pay is a must for fraud prevention!
EN
Enola
1 year 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!
BO
Bonita
1 year 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?
JU
Juliana
1 year 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?
OD
Odelia
1 year 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.
VI
Vinnie
1 year 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.
JU
Juan
1 year 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.
YA
Yasuko
1 year 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.
SH
Sharita
1 year ago
This question seems straightforward, but I want to make sure I understand the concepts before answering.
AL
Alease
1 year 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.
JO
Jonelle
1 year 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.
YU
Yuki
1 year 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.
SH
Sharee
1 year 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?
EV
Eveline
1 year 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!
BO
Bonita
1 year ago
C) Reverse Positive pay
JO
Josefa
1 year ago
B) ACH block
CE
Celeste
1 year ago
A) Positive pay
EU
Eun
2 years 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.
RH
Rhea
2 years 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.
AN
An
1 year ago
Definitely, Positive pay seems like the most secure option out of the choices.
ST
Stephania
1 year ago
I would go with A) Positive pay as the best choice for reducing fraud.
YU
Yuette
1 year ago
Yeah, I agree. It doesn't seem like a good option for reducing fraud.
SA
Samira
1 year ago
I think you're right. Reverse positive pay does sound like it could make things worse.
EN
Ena
2 years 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.
ST
Stephaine
1 year ago
B) ACH block
BE
Bettina
1 year ago
A) Positive pay
VA
Val
2 years ago
I believe they should not include option D, None of these, because that doesn't actually help prevent fraud.
MI
Miriam
2 years ago
I agree, but which option do you think they should NOT include?
VA
Val
2 years ago
I think governments should definitely secure bank security services to reduce fraud.