Understanding Identity Theft and Scams

What is "dumpster diving" in the context of identity theft?

• A method of stealing credit card information using a small device.

• Searching through trash to find personal information.

• Sending fake emails to trick people into revealing personal information.

• Hacking into secure networks to steal data.

Which of the following is a common method used by identity thieves to capture credit card information?

• Phishing

• Skimming

• Dumpster diving

• Data breach

What is a key strategy to protect yourself from identity theft when dealing with emails?

• Always open attachments from unknown senders.

• Use the same password for all accounts.

• Avoid opening attachments from unknown emails.

• Share personal information freely over email.

Which of the following actions can help protect your credit information?

• Ignoring your credit report.

• Regularly monitoring your credit report.

• Using unsecured public Wi-Fi for banking.

• Sharing your credit card details over the phone.

If you become a victim of identity theft, what is one of the first steps you should take?

• Ignore the issue and hope it resolves itself.

• Get replacement credit cards.

• Continue using the compromised accounts.

• Share your experience on social media.

What is a Ponzi scheme?

• A legitimate investment opportunity with guaranteed returns.

• An investment scam that pays returns to earlier investors using the capital from newer investors.

• A method of identity theft involving email scams.

• A type of data breach involving financial institutions.

How can you avoid falling victim to a "pump and dump" scam?

• Invest in stocks based on unsolicited tips.

• Research and verify the legitimacy of investment opportunities.

• Follow investment advice from unknown sources.

• Invest in stocks that are heavily promoted online.

What is an "advance fee" scam?

• A scam where you are asked to pay a fee upfront for a promised large sum of money.

• A legitimate investment requiring an initial deposit.

• A method of identity theft involving credit card skimming.

• A type of phishing attack targeting bank accounts.

Which of the following is a recommended practice for managing social media to protect against identity theft?

• Sharing your full address and phone number publicly.

• Using the same password for all social media accounts.

• Carefully managing privacy settings and sharing limited personal information.

• Accepting friend requests from unknown individuals.

What should you do if your credit history is compromised due to identity theft?

• Ignore the issue and continue using your accounts.

• Freeze your credit histories to prevent further damage.

• Share your credit card details with friends for safekeeping.

• Close all your bank accounts immediately.