What is a common strategy used by fraudsters to mislead consumers into divulging personal information?

Prepare for the ACFE Certified Fraud Examiner (CFE) Financial Transactions and Fraud Schemes Test with our comprehensive quiz. Engage with flashcards, multiple choice questions, hints, and explanations. Ace your exam!

Fraudsters often utilize deceptive websites as a common strategy to trick consumers into revealing personal information. These websites may closely mimic legitimate sites, creating a sense of trust and authenticity. By using similar colors, logos, and layout designs, they can easily mislead users. Once consumers are on these sites, they may be prompted to enter sensitive information under false pretenses, such as claiming a need for verification or offering attractive deals that require personal details.

In contrast, the other strategies listed do not effectively engage fraudsters in misleading consumers. Providing accurate information does not align with fraudulent tactics, as fraud relies on deception. Offering free services can be a tool for legitimate businesses to attract customers, but in a fraudulent context, it may be less direct than deception through imitation. Organizing public seminars typically involves transparency and information sharing, which generally does not serve as a vehicle for fraud. In this way, deceptive websites stand out as the primary method for tricking consumers into divulging their personal information.

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