ML FBLA Financial Literacy - Identity Theft

What is identity theft?

• The act of borrowing someone’s credit card without permission

• The act of stealing personal information to commit fraud or theft

• The act of sharing your personal information with a friend

• The act of filing a police report about lost property

Which of the following is NOT a common method of identity theft?

• Phishing scams

• Dumpster diving for personal information

• Keeping personal information secure in your wallet

• Stealing mail from your mailbox

What is phishing?

• A type of computer virus

• A method of stealing information by pretending to be a legitimate entity in emails or websites

• A secure way to protect your information online

• A way to hide your identity while shopping online

What can identity thieves do with your personal information?

• Open credit accounts in your name

• Take your money and disappear

• Send you unwanted junk mail

• All of the above

What is one of the first steps you should take if you believe you are a victim of identity theft?

• Ignore it and hope it goes away

• Report it to your bank or credit card company

• Share your personal information on social media

• Change all your passwords to something easy to remember

Which of the following is an example of a piece of personal information that could be used for identity theft?

• Your favorite color

• Your full name, address, and Social Security number

• Your favorite sports team

• Your email address

What is a common sign that your identity may have been stolen?

• Receiving calls from companies asking about purchases you didn't make

• Finding out your credit score increased significantly

• Receiving a birthday card from a company

• Seeing a small increase in your bank account balance

What is one way to prevent identity theft?

• Share your password with friends and family

• Keep your Social Security card and other personal documents in a safe place

• Post your personal information on social media for security

• Use the same password for every account

Which of the following can help protect your personal information online?

• Use weak, easy-to-remember passwords

• Ignore requests for updates on your accounts

• Use two-factor authentication for your accounts

• Share your passwords with everyone you know

What is a credit report?

• A summary of your income and spending

• A record of your financial transactions and debts

• A summary of your friends and family

• A list of your social media accounts