Which type of fraud is committed when an employee misappropriates customer account information for personal purchases?

The correct answer pertains to identity fraud, which occurs when an individual uses someone else's personal information, such as customer account details, to commit fraud for personal gain. In this scenario, an employee misappropriates customer account information, which typically involves unauthorized access and use of sensitive data to make purchases or steal funds.

This type of fraud capitalizes on the trust and relationship between customers and the organization. It demonstrates a clear breach of duty by the employee, who violates ethical standards and legal regulations by exploiting customer data for personal use.

In contrast, check fraud would relate specifically to the use of counterfeit checks or altering legitimate checks to withdraw funds dishonestly. Credit card transfer fraud typically involves the unauthorized transfer or use of credit card information, often without accessing the actual account data. Electronic funds transfer fraud usually entails the unauthorized electronic movement of funds from one account to another, often seen in phishing scams or hacking incidents. While these other types of fraud involve similar themes of deceit and misuse of information, the specific scenario presented aligns with identity fraud due to the illegal use of customer identities and account information for personal transactions.