Scams / Schemes / Identity Theft

5% of the US population was victimized by identity theft in 2007.

• True

• False

By 2025 the world will have a checkless society.

• True

• False

Electronic banking reduces paper, employees, and mailing costs.

• True

• False

You have up to 1 year to notify your bank of an account error.

• True

• False

Financial institutions have up to 90 days to investigate account errors.

• True

• False

Your loss limit is the same for stolen debit and stolen credit cards.

• True

• False

With debit cards, fraudulent charges remain on your account until an investigation is complete.

• True

• False

You are liable for a new account created in your name without your permission.

• True

• False

You can be required to pay your bills by electronic fund transfer (EFT).

• True

• False

Dumpster diving, skimming, and phishing are ways in which your identity may be stolen.

• True

• False