Finance and financial system



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english test

2. SYNONYM MATCH: Match the following synonyms from the article:

a.

nightmare

beefed up

b.

breach

bad case scenario

c.

processes

accessed

d.

infiltrated

soundness

e.

made off with

hopping mad

f.

enhanced

bread and butter

g.

irate

handles

h.

integrity

centered

i.

oriented

violation

j.

lifeblood

swiped

3. PHRASE MATCH: Match the following phrases from the article (sometimes more than one combination is possible):

a.

your worst

you never made

b.

purchases

cardholders

c.

Hackers

our lifeblood

d.

made off with

infiltrated the system

e.

the entire

of this matter

f.

irate

nightmare

g.

client

the personal details

h.

customers are

no effort

i.

sparing

oriented

j.

get to the bottom

population of Spain

Listen and fill in the spaces.

Forty million credit cards hacked

BNE: What is ____ _____ _________? How about opening your credit card statement and seeing thousands of dollars _____ __ ________ you never made? This is a possibility for 40 million credit cardholders worldwide following a security ______ __ __ _____ data processing center. U.S.-based Card Systems Solutions Inc., which processes transactions for banks and _________ ______ ___ ______, has issued a press release saying it “identified a _______ _______ _______” in May.

______ __________ the system and made off with the personal details of up to 40 million people – the same number as the entire population of Spain. Card Systems immediately contacted the _______ _______ __ ___________, which in turn notified VISA and MasterCard. The company said it is currently “completing the __________ __ ________ _________ security procedures”. Meanwhile, the world’s banks are working overtime changing the account details of _________ ___ _____ cardholders

Card Systems Inc. _________ ________ ____ anyone who may have lost confidence __ ___ _________ of credit card security or
________ ______ as a result of the breach. It said: “We understand and fully appreciate the seriousness of the situation.” It also assured the business world its primary focus ___ _____ _______. The press release said: “Our customers and their customers are our lifeblood. We are _______ __ ______ to get to the bottom of this matter.”

LANGUAGE - CLOZE

Even  the  President  of  the  United  States  of  America  has  (1)  ____  moments  with credit cards.  Barack Obama had one last month. A restaurant cashier told him she couldn't (2) ____ his credit card. He was having dinner at an expensive restaurant in  an  (3)  ____  area  of  New  York.  The  President  told  reporters:  "I  went  to  a restaurant during the U.N. General Assembly, and my credit card was (4) ____ ….It turned out, I guess, I don't use it enough." He added that the cashier thought his card was being used (5) ____ illegal purposes. He explained that he did not have enough cash to pay for the restaurant bill. Luckily, his wife paid the bill (6) ____ her credit card and they could leave the restaurant. Mr Obama told his credit card story on Friday while he was (7) ____ a new law to protect consumers from identity theft. (8) ____ particular, the new law tightens thecontrols on credit cards. Obama said: "Even I'm affected by this." Identity theft is agrowing problem (9) ____ over the world. Officials in the USA think that 100 millionpeople have been (10) ____ in the past year because someone stole their privateinformation  online.  The  new  law  is  called  "BuySecure".  It  wants  the  credit  cardindustry to change from cards with magnetic strips to (11) ____ with microchipsand PIN numbers. Magnetic strips are old technology. It is easy for hackers to readthem and put the information on (12) ____ cards.




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