Question

In this section, you’ll explore financial scams and how to identify and avoid them.

You’re active on social media, and you posted information about your new car purchase. You also searched the internet for quotes for your car insurance.

You receive an email that appears to be from your bank stating that your car loan is being cancelled today unless you send $500 immediately to the account listed in the email.

You notice that your name is misspelled in the email greeting, and the email address is similar to your bank’s, but not exactly the same.

What kind of scam are they trying to pull on you?
Question 7 options:

Smishing scam


Phishing scam


Charity scam


Pretexting scam

Answer 1

Phishing scam.

It’s an email impersonating your bank with misspellings, a slightly off sender address, and an urgent demand for money — classic signs of phishing. Don’t send money; contact your bank using a verified phone number or website.