Electronic Transactions and Digital Currency — Quiz
Question 8 • Personal Finance
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
A
The online store might get fined and have to improve security.
B
The company that gave out the credit card will be blamed.
C
Customers have to pay for any fraudulent charges.
D
Nothing bad if they fix the leak quickly.
Explanation
The store is responsible for protecting the payment information it collects. If it fails to follow security rules and exposes customers’ details, it could face fines and be required to strengthen its security. Fixing the leak quickly would not necessarily remove the consequences.
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