Protecting_Yourself_from_Fraud_Note_Taking_Guide_2.6.4.L1.pdf

Protecting_Yourself_from_Fraud_Note_Taking_Guide_2.6.4.L1.pdf

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Unformatted text preview: Page | 12 2.6.4.L1 Protecting Yourself from Fraud Note Taking Guide Total Points Earned Total Points Possible Percentage Name Jake Clifford Date 5/23/17 Class 3rd What is fraud? An international effort to device another for personal gain Describe the common types of fraud: Identity Theft Commu‐ nications Credit Invest‐ ment Tax When another's personal info is used without their permission When they use internet to get money Applying for and modifying credit Investors are decided by individuals claiming to be a financial advisor Scamers making claims that a person may be exempt form paying taxes How does fraud negatively impact an How does fraud negatively impact an individual’s financial well‐ being? It stresses the person the individual takes time cost money and can cause anxiety Drivers License electronic devices debit/credit cards Four types of personal information are... id cards © Take Charge Today – August 2013 – Protecting Yourself From Fraud Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 13 2.6.4.L1 The Fraud Mystery Notes How did the scammer access Lucy’s information? What evidence has the inspector gather for and against each suspect? Suspect #1: Colonel Mustard Evidence: Suspect #2: Mrs. Peacock Evidence: Suspect #3: Mrs. White Evidence: What could Lucy have done to minimize her risk of fraud? Suspect #4: Professor Plum Evidence: © Take Charge Today – August 2013 – Protecting Yourself From Fraud Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 14 2.6.4.L1 Three ways thieves access personal information are... Diverting mail Skimming credit and debit card info Hacking a computer to install spyware Four ways to protect your personal information include: Dont carry your social security card shred all personal documents Keep personal records in a secure location "please see id" Why should a person monitor their credit reports and financial information? TO ensure no fraudulent activity What are four ways to be careful online? Look for https/ a lock keep user/pass safe and change them watch what you post use privacy settings © Take Charge Today – August 2013 – Protecting Yourself From Fraud Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 15 2.6.4.L1 Why is it recommended to use a credit card instead of a debit card when making online purchases? Because a credit card isnt linked to your bank A business that has taken your money wont return your calls Unfamiliar or unreconizable charges What are signs of fraud? Mail is missing Errors in your credit report If you are a victim of fraud, what steps should you take? Act immedatley keep detailed records file reports to law/gov report to appropriate legal agencies Describe four goverment agencies and what fraud(s) they protect against Prevent unfair business practices FTC Make markets for consumer products FCPB protects the public health FDA regulate interstate communication FCC © Take Charge Today – August 2013 – Protecting Yourself From Fraud Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona ...
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  • Fall '13
  • Bollen
  • Credit card, Credit history, Fair Credit Reporting Act, Unfair business practices

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