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2.6.4.L1

ProtectingYourselffromFraudNoteTakingGuide

TotalPointsEarned

TotalPointsPossible

Percentage

Name Kainan Cooper

Date 11/24/2014

Class Personal Finance

Whatisfraud?

Fraud-An intentional effort to deceive another individual for personal gain

Describethecommontypesoffraud:

Identity

Theft

Communications

Credit

Investment

Tax

When antohers personal information is used without their permission

Occurs via mass marketing mail, wire, telephone, Internet, etc. To deceitfully get
money from people
Applying for and modifying credit (most common involves mortgages)

Investors are deceived by individuals claiming to be financial advisors or have an

investment guaranteed to make money

Scammers making claims that a person may be exempt from paying taxes

Howdoesfraudnegativelyimpactan
Howdoesfraudnegativelyimpact
anindividualswellbeing?

Stress

Time

Anxiety
Costs money

Drivers License

Electronic Devices

Debit & Credit Cards

Fourtypesofpersonal
informationare...

Identification cards

TakeChargeTodayJanuary2014ProtectingYourselfFromFraud
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2.6.4.L1

TheFraudMysteryNotes
HowdidthescammeraccessLucys

information?

Whatevidencehastheinspectorgatheredforandagainst
eachsuspect?
Suspect#1:ColonelMustard

She found her credit card and got all of

her information

Evidence:

Colonel Mustard was there

at the time of the

crime

Suspect#2:Mrs.Peacock

Evidence:

Was with Lucy the whole

time

WhatcouldLucyhavedonetominimizeherrisk
offraud?

Suspect#3:Mrs.White
Evidence:

Not use the same computer

and she

could've not saved her password on the

computer

Used the same computer as her at the Library

Suspect#4:ProfessorPlum

Evidence:

Taught Lucy and had access

to alot of the
things she did

TakeChargeTodayJanuary2014ProtectingYourselfFromFraud
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

Page|14
2.6.4.L1

Threewaysthievesaccesspersonal
informationare...

Debit & Credit cards

Electronic Devices

Identification cards

Fourwaystoprotectyourpersonalinformationinclude:

Dont carry yor social security card

Sign credit and debit cards with signature and "Please See ID"

Memorize and use difficult PIN numbers

Keep personal records in a secure location

Whyshouldapersonmonitortheircreditreportsandfinancialinformation?

To make sure there are no charges that they did spend and that someone hasnt stole

their card and is buying things with it.

Whatarefourwaystobecarefulonline?

Look for "https"

or a picture of a
lock

Keep usernames
and passwords
safe

Use a credit card

when making
Online
purchases

Search for you

name

TakeChargeTodayJanuary2014ProtectingYourselfFromFraud
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Page|15
2.6.4.L1

Whyisitrecommendedtouseacreditcardinsteadofadebitcardwhenmakingonlinepurchases?

is reported before being fraudulently used.

Maximum liability is $50. No liability if a lost card

No
liability
if
the
card
is
used,
but
not
the
card
itself.

A business that has taken your money wont

return your calls

Unfamiliar or unrecognizable charges

Whataresignsoffraud?
Mail is missing

You are denied credit

Ifyouareavictimoffraud,whatstepsshouldyoutake?

Act immediately

Keep detailed
records

Fila a report with

your local law
enforcement

Report to the
appropriate
federal agency

Describefourgovernmentagenciesand
whatfraud(s)theyprotectagainst
Prevent business
practices that are
anticompetitive,
deceptive or unfair
to consumers

Federal Trade
Commission

Makes markets for

consumer financial
products and
services work for
Americans

Consumer Financial
Protection Bureau

Protects the public

health

Federal Drug
Administration

Regulates
interstate and
international
communication

Federal
Communications
Commission

TakeChargeTodayJanuary2014ProtectingYourselfFromFraud
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona