Transcript Protecting Yourself from Fraud including Identity Theft

Protecting Yourself
from Fraud
Including Identity Theft
Advanced Level
2.6.4.G1
2
Preview
Today we will answer these questions:
 How am I at risk for identity fraud?
 What should I do if I’m a victim of identity fraud?
 How can I protect my personal information?
Use what you learn today to take action
to keep your personal information safe.
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
3
What’s in your wallet?
Give yourself a point for each of these items listed below.
__ Credit card (The actual number of cards)
__ Paycheck stub
__ Debit card
__ Bank or credit union deposit slip
__ ID card with photo (school, employment)
__ Any type of money-saving coupon
__ $5 bill
__ Car keys
__ Change (coins) totaling $2 or more
__ Flash drive for computer
__ Original Social Security card
__ Cell phone
__ Picture of a close relative
__ Driver’s license
__ Computer password
(The actual number of passwords)
__ Membership card
__ Bank/Credit Union ATM PIN number
__ Library card
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
4
Theft or Fraud … Both are
Trouble
• Your ______ is stolen
• Electronic_____are
hacked
• Your personal
information is stolen
from the ______
Identity _____
Identity ____
• Your account information
is used for _______
• New _______ are opened
or insurance purchased
using your personal
information
• Your information is used
for another _____
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
How Does Fraud Occur?
Failed Promises
Accessing Personal
Information
Name
Bank
Account
Numbers
Credit
Card
Numbers
Address &
Telephone
Number
Personal
Information
Birthdate
Social
Security
Number
Driver’s
License
Number
What can a scammer do if they gain access to your information?
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
6
Teens are Targets Too!
_____percent
of U.S. youth had someone else
using their Social Security Number
Identity
fraud is growing for minors. Teens
________years old are the main target.
Fraud
is often detected only when the victim
applies for a _________ or credit card in his or
her own name.
Source: Richard Power, Child Identity Theft, Carnegie Mellon CyLab Report
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
How Thieves Access
Personal Information
Stealing a purse, wallet, financial records, mail, etc.
Diverting mail
Skimming credit and debit card information
Phishing for personal information via email
Hacking a computer to install spyware
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
8
Protect From Fraud
The Federal Trade Commission (FTC) recommends:
D___ misuse of your information
D___ when you have a problem
D____ yourself from loses
http://www.idtheftcenter.org/Financial/
deter-detect-defend-avoid-id-theft.html
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
9
7 Tips to Thwart Thieves
 Keep
___________information close to the vest.
 Lighten
 Never
 Stick
up your ________.
leave ______ on a charge slip.
to __________ web pages.
 _________ruthlessly.
 Be
computer safe by using firewalls, anti-spyware
and anti-virus ___________.
 Guard
your Smartphone too!
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
10
Be on the Lookout!
 Review your ______
and billing statements.
 Sign up for email or text-messaging _________.
 Review your credit _________ (at least once a year).
©2012 National Endowment for Financial Education |
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
More Ways to Protect Your Personal
Information
Don’t carry your Social Security Card
Sign credit and debit cards with signature and “Please See ID”
Memorize and use difficult PIN numbers
Shred personal documents before discarding them
Keep personal records in a secure location
Deposit outgoing mail in a secure post office collection box
Be careful of what personal information is posted on the Internet
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
12
Take
Action
Unauthorized Charges
Stolen Purse or Wallet

File a dispute

File a report with company

Contact the FTC

Call your cellphone company
• File a police report
• Place a Fraud Alert on your credit report with all three creditreporting agencies
• Write your credit card companies
• Document everything
• Check your credit report in a few months
©2012 National Endowment for
Financial Education | Lesson 2-5:
Identity Fraud
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Be Careful When Using the Internet
Look for
“https” or a
picture of a
lock
Keep
usernames
and
passwords
safe
Use a credit
card when
making online
purchases
Search for
your name
Once
information is
posted online,
it can’t be
taken back!
Use privacy
settings on
social
networking
sites
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Use updated antivirus and antispyware software
Practice
electronic
device safety
Do not click on links found
in pop-up advertisements
or suspicious email
Watch for strange
actions that may
indicate spyware
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Credit and Debit Cards
Credit Cards
Maximum liability is $50
Debit Cards
Liability depends on how quickly
No liability if a lost card is reported the card is reported and depository
institution policies
before being fraudulently used
No liability if the card number is
used, but not the card itself
Ranges from $0-unlimited!
Use a credit
card instead
of a debit card for
online purchases!
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 15
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Act Immediately if…
Recognize Fraud Early
A business that has taken your money
won’t return your calls
Unfamiliar or unrecognizable charges
You are denied credit
Mail is missing
Errors in your credit report
Could Lucy have recognized the theft earlier?
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 16
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
If You Are a Victim
Act
Immediately
Keep
detailed
records
File a report
with your
local law
enforcement
Report to the
appropriate
federal
agency (FTC)
The Stop Fraud website will tell you which agency
to report to and provide specific tips depending on the type of fraud
What steps should Lucy take?
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 17
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Solve the Mystery
Setting: 20 year class
reunion is taking place at a
luxurious mansion located in
Yonkers.
Plot: Lucy’s identity has
been stolen
Your Job: Listen carefully
and take notes to help Lucy
find the person who stole
her identity
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Four Suspects…
The inspector has identified
4 suspects in Lucy’s case
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
2.6.4.G1
Solve the Mystery
Answer Questions Correctly to Earn Clues!
© Take Charge Today – August 2013 – Protecting Yourself From Fraud– Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona