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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Practice Test Questions Answers

Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes (Updated 352 Q&As with Explanation)
Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
Last Update: 14-Jul-2026
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Questions Include:

  • Single Choice: 345 Q&A's
  • Fill in the Blanks: 7 Q&A's

  • CFE-Fraud-Schemes-and-Financial-Crimes Overview

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    CFE-Fraud-Schemes-and-Financial-Crimes Questions and Answers

    Question # 1

    Which of the following statements about the different types of malware is MOST ACCURATE?

    A.

    A computer worm is a form of malicious software that locks a user’s operating system and restricts access to data files.

    B.

    Spyware is any software application that displays advertisements while it is operating.

    C.

    A Trojan horse is a program that appears useful but contains hidden code that causes damage.

    D.

    Ransomware is software that collects and reports information about a computer user without the user’s knowledge or consent.

    Question # 2

    According to a survey, in principal perpetrator cases, males were the primary culprit in a majority of cases, accounting for ___ percent of frauds versus ___ percent for females.

    A.

    62 versus 36

    B.

    61 versus 39

    C.

    62 versus 37

    D.

    None of the above

    Question # 3

    Malcolm is a manager at a financial institution. To safeguard the bank and its customers from electronic funds transfer (EFT) fraud, Malcolm is implementing preventive measures. What is one measure Malcolm can take to prevent EFT fraud?

    A.

    Send online banking portal PINs, usernames, and passwords in a single communication to ensure the information is not lost or intercepted.

    B.

    Send electronic communications containing usernames in an unencrypted format to ensure that the intended recipient can access them.

    C.

    Employ multifactor authentication to verify transfers via electronic bill presentment and payment (EBPP) or person-to-person (P2P) systems.

    D.

    Ensure that the same employee handles both PIN issuance and access device information to limit the number of people accessing this information.

    Question # 4

    Jonathan, a Certified Fraud Examiner (CFE), is tasked with identifying potential indicators of intrusion into his employer's computer network. Which of the following might indicate that the organization's network has been compromised or accessed without authorization?

    A.

    When logging into the computer network, employees receive a reminder to change their log-in passwords before they expire.

    B.

    Network users are prompted to install unfamiliar software onto their computers.

    C.

    The network is receiving data from a country where one of the organization's suppliers is located.

    D.

    Users are denied access to network files they do not typically use in their organizational role.

    Question # 5

    Georgina works for TAK Intelligence, a competitive intelligence firm. She is tasked with gathering intelligence about ERO Corp., a competitor of one of TAK's clients. To gather the intelligence, Georgina poses as a customer and contacts ERO. She then elicits sensitive information from an ERO employee. Georgina's approach is an example of:

    A.

    Human intelligence

    B.

    Baiting

    C.

    Scavenging

    D.

    Open-source intelligence

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