Preview Questions Fraud Analyst | Role Specific Skill

Question 1: In detecting credit card fraud risks, which method would be most effective?

Which action should you take?

Choose only one option

Transaction pattern analysis using machine learning

Focusing on customers with low credit scores

Directly contacting the customer for verification

Relying on historical fraud data alone

Question 2: What would be an indicator of possible money laundering that should be flagged in a fraud investigation report?

Which action should you take?

Choose only one option

Unusual behavior patterns that don't match a customer's profile

Multiple large cash deposits made in short intervals across different locations

Small, consistent transfers from one account to another

Frequent chargebacks in online transactions

Question 3: When using sentiment analysis in fraud detection, what is the main purpose?

Which action should you take?

Choose only one option

Analyzing customer complaints for potential fraud indicators

Identifying fraudulent transactions from behavioral patterns

Detecting financial statement manipulation

Analyzing credit scores for fraud risk

Question 4: Why is it important to continuously update fraud detection models with new data?

Which action should you take?

Choose only one option

To ensure the model is not based on outdated information

To adapt to evolving fraudulent strategies and behaviors

All of the above

To maintain accuracy in forecasting future fraud

Question 5: In an investigation involving wire fraud, what is the primary concern for the fraud analyst when collecting evidence?

Which action should you take?

Choose only one option

Verifying the identity of the recipient

Preventing further wire fraud by blocking the payment system

Ensuring evidence is preserved before the funds are transferred

Identifying the location of the funds

Question 6: What tool is commonly used to conduct a thorough investigation of fraud involving complex financial transactions?

Which action should you take?

Choose only one option

Automated risk assessment systems

Credit score analyzers

Financial transaction monitoring software

Social media monitoring tools