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Sam discovers that someone has used his bank card to charge hundreds of dollars at a sports store. Which risk of using financial institutions is he a victim of?

A. locked-in funds

B. missed opportunities

C. identity theft

D. interest payments"

1 Answer

6 votes

Final answer:

Sam has experienced c. identity theft, where his personal bank card information was used without his consent to make unauthorized purchases at a sports store.

Step-by-step explanation:

Sam is a victim of c. identity theft, which is a risk associated with using financial institutions. Identity theft, sometimes referred to as 'True-name Fraud,' occurs when someone wrongfully acquires and uses a consumer's personal identification, credit, or account information without their permission. The illegally acquired information, such as a social security number, pin number, or password, is then used to steal a person's identity. In Sam's case, thieves have charged hundreds of dollars at a sports store using his bank card information, draining his bank account and possibly making large unauthorized purchases.

User Dwayne Driskill
by
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