8
QuizMultiple Choice

Electronic Transactions and Digital Currency

Question 8 • FL-2102371-Personal Finance and Money Management

Read the scenario.An online store does not follow the rules for keeping credit card details safe, so they accidentally make customers' private info public.What would most likely happen in this scenario?

Answer
T
The company that gave out the credit card will be blamed.
T
The online store might get fined and have to improve security.
C
Customers have to pay for any fraudulent charges.
N
Nothing bad if they fix the leak quickly.

Explanation

Because the online store failed to protect customers’ credit card details, it could face penalties and be required to strengthen its security practices. The credit card issuer is not automatically to blame, and customers generally are not responsible for fraudulent charges simply because their information was exposed. Fixing the leak quickly would not necessarily erase the consequences.

AI-written and checked against the verified answer.

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