Question

question 1 (3 points)
match the following terms with the correct definition/explanation
column a
1 ____ phishing
2 ____ skimming
3 ____ claim
4 ____ deductible
5 ____ insurance
6 ____ insurance policy
7 ____ premium
8 ____ risk
column b
a. the specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time
b. an agreement where you make regular payments to a company and the company promises to pay you money if you suffer an injury, illness, loss, etc
c. a contract in which an individual or entity receives financial protection or reimbursement against losses
d. a situation involving exposure to danger, harm, or loss
e. to try to obtain financial or other confidential information from internet users, typically by sending an email that looks as if it is from a legitimate organization, but contains a link to a fake website that replicates the real one
f. a formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy
g. the amount of money you agree to pay towards your losses before your insurance coverage will begin paying
h. an electronic method of stealing a victim’s credit card numbers and then using the information to make fraudulent purchases

Explanation:

1. Phishing: Matches e (definition of phishing as getting confidential info via fake emails).
2. Skimming: Matches h (electronic theft of credit card numbers).
3. Claim: Matches f (formal request to insurance company for payment).
4. Deductible: Matches g (amount paid before insurance covers losses).
5. Insurance: Matches b (agreement with regular payments for coverage).
6. Insurance Policy: Matches c (contract for financial protection against losses).
7. Premium: Matches a (periodic payment to insurer for coverage).
8. Risk: Matches d (exposure to danger/harm/loss).

Answer:

1. e. To try to obtain financial or other confidential information from Internet users, typically by sending an email that looks as if it is from a legitimate organization, but contains a link to a fake website that replicates the real one
2. h. An electronic method of stealing a victim’s credit card numbers and then using the information to make fraudulent purchases
3. f. A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy
4. g. The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
5. b. An agreement where you make regular payments to a company and the company promises to pay you money if you suffer an injury, illness, loss, etc
6. c. A contract in which an individual or entity receives financial protection or reimbursement against losses
7. a. The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time
8. d. A situation involving exposure to danger, harm, or loss