Understanding Fraud and Identity Theft

What is fraud?

• An honest mistake made in financial transactions

• Intentionally deceiving someone for personal or financial gain

• Sharing personal information with trusted friends

• A legitimate business practice

What is identity theft?

• A criminal act involving the theft of someone’s personal information

• Sharing a username and password with a friend

• Using someone else’s email address for fun

• Losing your wallet

Which of the following is an example of phishing?

• Receiving an email asking for your bank details from an unknown source

• Your friend asking to borrow money

• Receiving a receipt for an online purchase

• A legitimate email from your bank

What does “https” in a website URL indicate?

• The site is for downloading software

• The site is secure and encrypted

• The site is hosted by a government agency

• The site has pop-up ads

Which of these is NOT a sign of identity theft?

• Receiving bills for accounts you didn’t open

• Noticing unauthorized transactions on your bank statement

• Winning a prize in a contest you never entered

• Finding money in your bank account you didn’t deposit

What is a skimming device used for?

• Checking your account balance

• Stealing card information from ATMs or card readers

• Adding money to your account

• Disabling your card

How often can you check your credit report for free at annualcreditreport.com?

• Once a month

• Once a year

• Twice a year

• Anytime you suspect fraud

What should you do if you suspect your identity has been stolen?

• Ignore it and hope it stops

• Notify your bank or credit card company immediately

• Post about it on social media

• Wait until more fraud occurs

Which of the following is a safe practice to protect your information?

• Reusing the same password across multiple accounts

• Writing down your Social Security number in your wallet

• Using strong, unique passwords for each account

• Clicking on links in emails from unknown senders

Why is it important to shred sensitive documents before discarding them?

• It prevents dumpster divers from accessing your information

• It saves space in your trash can

• It makes recycling easier

• It’s required by law