Question

After a suspected identity fraud case has been resolved, you should:

Answer 1

After a suspected identity fraud case has been resolved, you should continue to monitor your credit reports and accounts and keep all copies of relevant documentation. When you believe fraud has occurred it is best to make sure you keep copies of your last transactions and what transactions that are happening that aren’t yours. Monitoring your credit reports are imperative because you need to make sure someone isn’t charging their purchases to your credit cards.

Answer 2

The correct option is (A).

After a suspected identity fraud case has been resolved, we should: continue to monitor our credit reports and accounts.

Further Explanation:

Identity fraud:

The identity fraud is an illegal activity. The identity theft or fraud is when some unknown has the details of a person’s credit reports and accounts. When someone misuses the card of the person. It is known as a case of identity fraud. The fraud should be reported to the police and the bank to block the details of the credit card. So that it will not work until the details of the card have been changed and the unknown person will not be able to use the card reports and accounts anymore. The major reasons for identity theft are cyber-crimes and unsecured online sites.

Justification for the correct and incorrect answer:

A.  

Continue to monitor your credit reports and accounts: This option is correct.

After the credit card fraud has been resolved, the first step should be to monitor the credit card reports and accounts.

B.  

Keep all copies of relevant documentation: This option is incorrect.

The first step should be to monitor the credit card reports and accounts.

C.  

Both A and B: This option is incorrect.

The first step should be to monitor the credit card reports and accounts.

D.  

Neither A nor B: This option is incorrect.

The first step should be to monitor the credit card reports and accounts.

Therefore, after the identity fraud has been resolved, the first step is to monitor the credit card reports and accounts.

Learn More:

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Answer Details:

Grade: High school

Chapter: Identity fraud

Subject: Business studies

Keywords:

After a suspected identity fraud case has been resolved, you should, continue to monitor your credit reports and accounts, keep all copies of relevant documentation, both A and B, neither A nor B, the first step should be to monitor the credit card reports and accounts.