Unit 7 (Project): SSEPF10

What is a Ponzi scheme?

• A type of insurance policy

• A fraudulent investment operation

• A government-backed investment program

• A legitimate investment opportunity

What is a warning sign of a Ponzi scheme?

• Returns promised are too good to be true

• Returns promised are reasonable and achievable

• Investment is guaranteed to make a profit

• Investment is backed by a reputable company

What is a "Pump and Dump" scam?

• A scheme that attempts to beat the overall market's return by investing in high-cost index funds.

• A scheme that attempts to boost the price of a stock through recommendations based on false or misleading statements.

• A scheme which pools investors money together but only a small percentage of the pool is actually invested.

• A scheme where an investor collects your money for investment but never actually makes a purchase and instead keeps the money for themselves.

What is phishing?

• Phishing is a fraudulent attempt to deposit funds into an FDIC insured bank account for later use.

• Phishing is a fraudulent attempt to take over or delete your presence on social media.

• Phishing is a fraudulent attempt to obtain sensitive information such as usernames, passwords and financial information via electronic communication.

• Phishing is a business model that recruits members via a promise of payments or services.

What is Identity Theft?

• Someone gains unauthorized access to your personally identifying information

• A friend texts on your phone pretending to be you

• Your parents starting financial accounts for you

What personal information should you be careful with?

• Social Security Number

• Banking Info

• Name and Address

• All of the choices

To make it harder for someone to get your information you should...

• leave your phone unblocked

• leave your front door open all day

• shred your important papers when done with them

• find a friend's house to put your papers in

Why should you sign up for alerts from your bank?

• you will know if you won the lottery

• there are many banks

• people need the job

• if there is suspicious activity you will know right away

What is Data Breach?

• Data breach is a term used in agriculture

• Data breach is any security incident that results in unauthorized access to confidential information

• A data breach is a security incident where sensitive, protected, or confidential data is sold by a company without your authorization.

• Data breach is a type of software update

When a phone call from an unknown source notifies you that you have won a prize but you need to pay in advance to receive the prize, what should you do?

• Pay the fee immediately and expect to receive the prize quickly.

• Check the identity of the other party to confirm the authenticity of the activity.