Fintech & Digital Money: Checkpoint 3

Covers robo-advisors, digital fraud protection, and two-factor authentication.

Five questions on automated investing tools and protecting your accounts from fraud.

Question 1 of 5 A robo-advisor primarily automates:

Filing your taxes Building and rebalancing an investment portfolio based on your goals Approving loans Reporting fraud to the police

Question 2 of 5 Reusing the same password across multiple accounts is risky mainly because:

It's against the law A breach at one site can expose every other account using that password It slows down your internet connection Passwords expire faster when reused

Question 3 of 5 Two-factor authentication adds security by requiring:

Two different passwords for the same account A password plus a second, independent form of verification Two separate email addresses A longer wait time to log in

Question 4 of 5 A 'SIM swap' attack specifically threatens:

Authenticator apps generating codes locally Text-message-based two-factor codes, by hijacking your phone number Fingerprint login Credit card chip payments

Question 5 of 5 A 'fraud alert' placed with a credit bureau:

Freezes your bank account entirely Requires lenders to take extra steps verifying your identity before opening new credit Automatically fixes credit report errors Is only available after a case is filed with police

← Back to Two-Factor Authentication and Account Security Next lesson → The Future of Cashless Societies

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