Certified Fraud Examiner Practice Exam 2025 – All-in-One Guide to Master Your Certification!

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What is a common method fraudsters use for skimming?

Creating fake checks

Diverting funds from company accounts

Manipulating point-of-sale systems

Skimming is a form of fraud that occurs when an individual illegally collects or diverts funds before they are recorded in the company's books. One common method of skimming involves manipulating point-of-sale systems. Fraudsters may install devices or software to capture customer payment information before transactions are officially documented. This technique allows them to take funds directly, often without detection, before they reach the business or are reported in accounting records.

The manipulation of point-of-sale systems can include altering transaction data, creating ghost transactions, or using other tactics to avoid triggering alarms that would typically catch such fraudulent activity. This method is particularly effective because it operates at the transaction level where oversight may be limited, making it difficult for businesses to identify discrepancies until they have accumulated over time.

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Redirection of customer payments

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