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Answer the questions below using the link https://www.ftc.gov/system/files/documents/reports/consumer-sentinel-network-data-book-2017/consumer_sentinel_data_book_2017.pdf Your friend says the following: I don't really believe scams and fraud are things I need to
Answer the questions below using the link
https://www.ftc.gov/system/files/documents/reports/consumer-sentinel-network-data-book-2017/consumer_sentinel_data_book_2017.pdf
- Your friend says the following: "I don't really believe scams and fraud are things I need to worry about. I mean, no oneI knowhas ever said anything about being a victim." Using data frompage 5, what would you say in response and what specific data would you use to support your claim?
- Look at the data onpage 7for Top 10 Fraud Categories. You'll notice that these categories are organized by "# of reports". Which of the other three metrics (% Reporting $ Loss, Total $ Loss, Median $ Loss) do you think the data could be primarily categorized by? Explain your reasoning.
- What are the top 3 types of fraud categories if they were reranked by the metric you selected in question #2?
- Look at the data onpage 11. Why do you think that the most popular form of payment method for fraud is a wire transfer?
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