Digital Technologies – SS2 – Cyber Crime and Security Measures (Questions with Answers and Explanations)

The Advance Fee Fraud and Other Related Offences Act, 2006 mainly targets

A. the registration of new businesses
B. the pricing of mobile data bundles
C. schemes (such as "419") that promise a reward in return for an upfront payment
D. the licensing of broadcasting stations

Investment fraud is a scheme that

A. pays genuine dividends from a registered company's real profits
B. is a savings account approved by the Central Bank
C. involves buying shares through a licensed broker
D. persuades people to invest by promising very high or guaranteed returns with little risk

Which of the following is a characteristic of investment fraud?

A. Registration with the SEC and CAC
B. A clear explanation of the risks
C. No pressure to invest quickly
D. Rewards for recruiting new members