Mario is writing down customers' account numbers and passwords to fraudulently use them for online purchases. This constitutes which type of fraud?

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Multiple Choice

Mario is writing down customers' account numbers and passwords to fraudulently use them for online purchases. This constitutes which type of fraud?

Explanation:
The scenario hinges on using stolen login credentials to access someone’s account and authorize online payments, which moves money through electronic channels. This is electronic funds transfer fraud because the fraud occurs via online, electronic transfers rather than through paper checks or credit card transactions. It isn’t about manipulating checks (check fraud) or abusing a credit card directly (credit card transfer fraud), so the best fit is the electronic funds transfer category.

The scenario hinges on using stolen login credentials to access someone’s account and authorize online payments, which moves money through electronic channels. This is electronic funds transfer fraud because the fraud occurs via online, electronic transfers rather than through paper checks or credit card transactions. It isn’t about manipulating checks (check fraud) or abusing a credit card directly (credit card transfer fraud), so the best fit is the electronic funds transfer category.

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