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______ is a type of fraud where a small electronic device is used to steal debit/credit card information during an authorized banking transaction. -

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Question

______ is a type of fraud where a small electronic device is used to steal debit/credit card information during an authorized banking transaction.

Options

  • Smishing 

  • Vishing 

  • Phishing

  • Skimming

MCQ
Fill in the Blanks

Solution

Skimming is a type of fraud where a small electronic device is used to steal debit/credit card information during an authorized banking transaction.

Explanation:

Skimming, commonly referred to as "cloning," is the practice of copying credit card or debit card data using software or another electronic device in order to gain unauthorized access to your account.

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Economic Current Affair (Entrance Exam)
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