Ultimate Fraud Prevention Quiz
by Staff
You might feel helpless against fraud and identity theft, but there are steps you can take to protect yourself. Take this quiz to see if you have what it takes to outfox the scammers.

One of the most important things you can do to protect yourself from identity theft is to check your credit scores regularly. What are the three major credit rating agencies?

  • Equicredit, TransUnion and Creditrep
  • Experian, RatingReport and Equifax
  • Equifax, Experian and TransUnion

According to federal law, how many times can you check your credit report for free every year?

  • none
  • one
  • two
  • three

What's the site you need to visit for your free annual credit report?


According to a 2007 study by the Federal Trade Commission, what percentage of American adults had been fraud victims in the previous year?

  • 8.5
  • 13.5
  • 24.5
  • 31.5

What was the most common type of fraud mentioned in the study?

  • buyers club memberships
  • foreign lottery offers
  • weight-loss products
  • work-at-home programs
  • prize promotion schemes
  • credit card insurance
  • pyramid schemes

What was the most common method of pitching these scams?

  • print advertising
  • the Internet
  • TV/radio
  • telemarketing

What's check washing?

  • when a thief actually washes one of your checks
  • money laundering, but with checks instead of wire transfers

Who loses more money to Internet fraud?

  • men
  • women

According to the Federal Trade Commission, what percentage of identity-theft victims have been defrauded by their own family members?

  • 2
  • 5
  • 10
  • 15

What are the chances that an identity thief will be caught?

  • 1 in 60
  • 1 in 250
  • 1 in 500
  • 1 in 700
  • 1 in 900

What percentage of fraud victims report their cases to the authorities?

  • 5
  • 10
  • 15
  • 20
  • 25
  • 30
  • 35

What are the two main factors that fraudsters seem to take into mind when selecting victims?

  • race and gender
  • race and age
  • age and education
  • gender and education

The older you get, the _____ likely you become to report fraud.

  • more
  • less

The average victim of the notorious Nigerian advance fee scam loses how much money?

  • $1,000
  • $5,000
  • $10,000
  • $20,000
  • $50,000

How do you know that the Web site you're visiting is secure?

  • The about us section states that the site is secure.
  • The URL begins with shttp or https.
  • The site is registered with the Better Business Bureau.
  • The site has an official seal from the Federal Trade Commission.

When you're shopping online, it's more secure to use a debit card than a credit card.

  • true
  • false

You shouldn't use real words as computer passwords, no matter how obscure they are.

  • true
  • false

What's the hallmark of a phishing scam?

  • an e-mail, seemingly from your bank, asking for verification of personal information
  • a chain letter claiming you'll win money for forwarding it
  • a message stating you've won the lottery in a foreign country

What is NOT a foolproof way to figure out if an offer is a scam?

  • asking for verifiable business information
  • requesting a call-back number

According to Fannie Mae, this region is a hotbed for mortgage fraud.

  • New England
  • Mid-Atlantic
  • Southeast
  • Florida
  • Southwest
  • Rocky Mountains
  • Hawaii