HikeLetter | PMP Training & Certification Online Course | Project Management Learning

Overview

Course Description

Certification: Certified Anti-Fraud Specialist (CAFS)
Provider: ACAMS
Exam format: 100 questions; single-answer and multiple-select questions
Duration: 175 minutes
Eligibility: Active ACAMS membership and 40 eligibility credits
Package price: ACAMS lists US$1,995 for private sector and US$1,495 for public sector; verify current pricing on the official site.

Course Questions

10 Questions

What is the primary goal of a fraud risk management program?

A. Identify, assess, prevent, detect, and respond to fraud risks B. Eliminate every possible loss with certainty C. Focus only on external fraud D. Replace all business controls

What is the first step when designing fraud controls for a new product?

A. Rely only on customer complaints B. Assess the product's fraud risks, users, transaction flows, and potential abuse cases C. Deploy controls copied from an unrelated product without review D. Wait until fraud losses occur

What is an authorized push payment (APP) scam?

A. A merchant refunds a legitimate purchase B. A cardholder disputes an unknown card transaction C. A victim is deceived into authorizing a payment to a fraudster D. A payment is blocked by a bank's authorization system

What is account takeover (ATO)?

A. A customer changes their password personally B. A bank closes an inactive account C. A merchant changes its settlement bank D. An attacker gains unauthorized control of a legitimate user's account

Why is multi-factor authentication useful?

A. It requires more than one factor and can reduce reliance on a stolen password B. It guarantees that phishing is impossible C. It replaces transaction monitoring D. It prevents all insider fraud

What is the purpose of device fingerprinting in fraud detection?

A. Replace customer due diligence B. Identify device attributes and patterns that may link sessions or indicate risk C. Prove the user's legal identity conclusively D. Encrypt all transaction data

What is social engineering?

A. A standard credit assessment B. A data backup method C. Manipulating people into revealing information or taking actions that benefit an attacker D. A software update process

What is phishing?

A. A legitimate password reset initiated by a user B. A system performance test C. A fraud loss recovery process D. A deceptive message or website designed to steal credentials, data, or money

What is synthetic identity fraud?

A. Combining real and fabricated information to create an identity that does not represent a real person as claimed B. Using only a stolen credit card C. A customer correcting their name legally D. A bank employee reviewing a file

What is a common red flag for mule-account activity?

A. An account remains dormant B. Funds enter an account and are quickly transferred onward without a plausible explanation C. Regular salary payments match the customer's profile D. A customer pays a utility bill monthly

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CAFS : Certified Anti-Fraud Specialist