Exam 11: Security, Fraud, and Ethics

War driving refers to illegally using financial information of active duty soldiers for personal gain.

Most banks are required by law to install surveillance cameras and alarms.

The Bureau of Justice Statistics (BJS) estimated that more than 7 million people were victims of identity theft in 2014.

A code of ethics is a statement adopted by a company to guide employees to act appropriately.

The Second National Bank has just been robbed. What should bank employees do with the demand note left behind by the robber? Why?

Shady Sam robbed three banks last week: In one heist, he got away with $2,500; in the second, he netted $5,600; the third robbery was worth $4,350. After he was caught, police were able to recover 90 percent of the loot. Sam had spent the rest. What was the dollar amount of the stolen money that was NOT recovered?

A straw buyer works "undercover" for a bank to help banks identify cases of illegal house flipping.

What is identify theft?

John and William are opening a restaurant together. William also works as a business loan officer at a local bank. John has applied to William's bank for a business loan for the restaurant, and William is responsible for approving the loan. This is a clear example of a

Bank robbery was a much more serious problem in the 1930s and 1940s. Today, it rarely occurs.

A computer program that monitors and limits incoming and outgoing online transmissions is called a(n) ____________________.

Except routine processing, this occupies more resources of the banking industry than any other activity.

To discourage counterfeiting, the new $20 bill design includes color-shifting ink that changes from ____________________ when the note is tilted.

Check ____________________ requires opening accounts at two or more banks and using the "float time" of available funds to create fraudulent balances.

____________________ is a deception deliberately practiced to secure unfair or unlawful gain.

A(n) ____________________ barrier is a bulletproof plastic shield that can be positioned in front of each teller's station. It acts as a safety device.

What can banks do to protect computer records from computer hackers and other cyberthieves?

What are the powers of the Public Company Accounting Oversight Board, established by the Sarbanes-Oxley Act of 2002?

Which act of Congress places restrictions on loans by corporations to their executives?

Which of these is the least common type of bank robbery?