Which of the following describes a common type of ACH fraud?

The identification of unauthorized transactions as a common type of ACH (Automated Clearing House) fraud highlights a significant vulnerability within electronic payment systems. This type of fraud occurs when an individual or entity processes transactions without the consent or knowledge of the account holder.

The ACH network facilitates electronic payments and money transfers between banks and financial institutions, making it susceptible to various forms of fraud due to its reliance on the digital infrastructure. Unauthorized transactions can occur through methods such as phishing scams, where sensitive banking information is obtained under false pretenses, or through compromised credentials.

By focusing on unauthorized transactions, it is clear that this type of fraud directly impacts individuals and businesses, potentially resulting in financial loss and a breach of trust in electronic payment systems. Understanding this type of fraud is crucial for developing security measures and protocols that help protect consumers and maintain the integrity of electronic transactions.