Which of these habits can help tackle overspending?

Using a financial tracking app and implementing a budgeting plan

What does the event study methodology help determine in the context of cyberattacks?

the impact of an attack on stock prices

Which of these is an example of present bias in action?

I want this bag now, I can use Klarna and I can’t wait until my brithday

Overspending is a financial problem that regards people from

individuals of all income levels

What is loss aversion in behavioral economics ?

Feeling more pain from losing something than joy in winning something

Which industries are most frequently targeted by cybercriminals?

finance, healthcare and technology

What role does social media play in overspending?

It promotes fast changing trends and social pressure

What happened to Equifax after the 2017 cyberattack?

it lost $1.38B and consumer trust

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Answers

1
Which of these habits can help tackle overspending?
Using a financial tracking app and implementing a budgeting plan
Putting all extra income in a savings account immediately
Always use credit cards
Studying how finances work, the problem is due to lack of knowledge
2
Which of the following is typically considered an indirect cost of a cybersecurity breach?
legal fees
regulatory fines
reputational damage
system restoration
3
What does the event study methodology help determine in the context of cyberattacks?
the laws broken by the attackers
the source of the attack
the impact of an attack on stock prices
the identity of the victims
4
Which of these is an example of present bias in action?
I want this bag now, I can use Klarna and I can’t wait until my brithday
I really want to buy that jacket because everyone has it, I feel left out
I need to save as much as possible so I can afford that watch next year
That laptop is discounted, I can’t miss out on this deal!
5
Overspending is a financial problem that regards people from
poor households
people that don’t understand how finances work
individuals of all income levels
uneducated people
6
What is loss aversion in behavioral economics ?
Tendency to save money instead of spending it
The pleasure in winning bonus money
Feeling more pain from losing something than joy in winning something
The fear of losing a lottery
7
Which industries are most frequently targeted by cybercriminals?
healthcare, construction and mining
finance, retail and transportation
finance, healthcare and technology
real estate, hospitality and logistics
8
How much more do breached companies typically invest in cybersecurity?
50% more
⁠10% more
30% less
⁠⁠30% more
9
What role does social media play in overspending?
It promotes healthy spending habits
It promotes fast changing trends and social pressure
it spreads useful information on how to budget
It alarms users on online scams
10
What happened to Equifax after the 2017 cyberattack?
it quickly recovered
it lost $1.38B and consumer trust
it lost about $300 million and consumer trust
its stock price increased due to transparency

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