WCC Test One Vocabulary

Bait and Switch

consumer fraud tactic “an alluring but sincere offer to sell a product or service which which the advertiser does not intend or want to sell”        

Price fixing

all the business in the industry get together and set a price they will all charge for a product or service (ignores law of supply/demand, takes away consumer advantage of market competition)

Bid rigging

a form of price fixing; all the companies who are supposed to submit competitive bids instead conspire and agree in advance who will be awarded the contract  

Shakedown

practice where police officers stop someone but take money in exchange for not making an arrest.    

blue box

 bypass long distance telephone charges by duplicating dial tones developed by college students  “phone phreaks”

Trojan Horse

 “bad” program is concealed inside a “good” program and it is used as a means to divert money into fraudulent accounts and is the most common method used for embezzlement.   

Nigerian 419 scam

“Pidgeon drop” most common. Where they convince you they have found money and you can get a share if you give money for safekeeping showing good faith typically poses as a government official      

Denial of Service attack

 form of hacking which are deliberate bombardment of commercial attacks causing a website to crash. Extortion: Do this or we will do this et. Done for commercial purposes. Disgrunteled employee      

salami slicing-

very small amounts are diverted from a large number of accounts

Logic bomb

 form of virus and worm that is playful instructions to be triggered at some future date or under certain conditions

Identity Theft

greatest threat of hacking getting someone’s social security card number , by pressure – growing is ID theft in kids

Laissez faire

market is against too much regulation          

Kickback

occurs when LEOS receive goods, services,and money for referring bussniesses to towing companies, ambulances, gargaes, lawyers, doctors, bail agents, undertakers, and taxies                     

WAREZ

a form of piracy where web sites allow the downloading of copyrighting programs without paying the royalties (also for computer games, movies, music)companies fear copycat instances

Virus

Inserted into computer, supposed to and intended to copy itself over and over, transmit to other devices

Worm

- no propagation; does not go to other devices