Category: Identity Theft

What's New With Financial Pitfalls? (August 2019)

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Aug 16, 2019
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Financial Scams, Identity Theft, Parent Conversations
For College Students Once students turn eighteen, they are legally adults. Their parents no longer have a say in their health care or legal decisions (or grades—unless you and your student sign a Family Educational Rights and Privacy Act (FERPA) waiver.) So what happens if the student has a medical or financial emergency? An article from Kiplinger has been gaining traction as it advises families to get four legal documents in place when a child turns 18. Many are documents that are...

QoD: What is cause of most internet fraud losses: ID theft, email compromise or romance scams?

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May 07, 2019
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Question of the Day, Identity Theft, Financial Scams
Questions: What steps can you take to prevent your email account from being compromised?  Why do you think that romance scams are so pervasive?  Do you know anyone who has been the victim of any of these frauds? Explain what happened.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Priceonomics): Forty percent of online fraud losses are the result of Email Compromise, sometimes referred to as Business Email...

Question of the Day: What’s the #1 way scammers receive money from unsuspecting consumers: Credit Card, Wire Transfer, or Bank Account Debit?

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Apr 30, 2019
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Question of the Day, Identity Theft, Research
Answer: Wire Transfer Questions: Why do you think this is the easiest method for scammers to receive money? How can you avoid getting caught up in this kind of situation? Can you get your money back once you have wired it to someone who you later discover is a fraud?  Go to Bank Wire Transfer Safety to get your answer Do you generally feel safe sending money via Paypal/Venmo? Explain your answer.  Click here for the ready-to-go slides for this Question of...

Reading List for March 23-24

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Mar 22, 2019
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Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
Financial Literacy We all know that April is Financial Literacy Month. Forbes will publish this piece on why financial wellness matters. Earlier this month, Forbes also published an article on how Financial Literacy keeps athletes from going broke. Keep the articles coming, Forbes!!! April may be a good time for everyone to do a little financial health checkup. Here is a refresher on limiting potential impact of identity theft. (USA Today) Economics  The Federal Reserve announced no...

Question of the Day: Is more money stolen through hacks of cryptocurrency (e.g., bitcoin) accounts or bank robberies?

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Feb 04, 2019
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Question of the Day, Checking Accounts, Identity Theft
Answer: Hacks of cryptocurrency accounts Crypto; In the first half of 2018 alone, over $1 billion was stolen from crypto accounts. Typically not protected or insured by a third party. Bank robberies: About $2 million is stolen a year from bank robberies 4,000 bank robberies average $4,000 per theft for $16 million but 86% are solved so only 14% or about $2.0 million is lost.  Note that these thefts are covered by bank insurance policies so no loss to accountholders.  Questions What...

Interactive Monday: Spam Slam Scam

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Feb 03, 2019
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Interactive, Identity Theft
This week's interactive comes courtesy of the Federal Trade Commission (thanks to the teacher at Salt Lake City FinCamp who share this with us): It's a quick three question game that will teach your students:  Steps you should take if you receive spam How to avoid being scammed if you receive spam Applying critical thinking to determine the types of messages that are spam One additional extension might be to have students highlight one example of spam that they have received in the last...

Question of the Day: Where does more holiday fraud happen: online or in physical stores?

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Dec 17, 2018
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Question of the Day, Identity Theft, Financial Scams, Budgeting
Answer: It's a tie, Online and in-store channels were hit equally.  Questions: Did the results surprise you? Explain. What are ways that online shoppers can have their identity stolen? Do you know anyone who has been a victim? Name at least three ways that you can protect yourself from identity theft.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from PaymentsSource): Mobile and e-commerce sales are...

Question of the Day: What tech company do people trust the least with their personal information?

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Dec 16, 2018
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Question of the Day, Identity Theft
Answer: Facebook Questions: Why do you think that consumers place so little trust in Facebook protecting their information? Did any story over the last year stand out in your mind?  Are you more or less worried about the protection of your online personal information compared to a year ago? Explain. Describe how you have changed your behavior online as more information comes out about how companies are using your personal information. Would you ever not do business with a company if you...

FinCap Friday: Who's Calling?

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Nov 08, 2018
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FinCap Friday, Financial Scams, Identity Theft, Research
Have you noticed an increase in spam calls to your phone? We have too, which is why we decided to focus on it this week in our FinCap Friday segment. Not only are they annoying but they cost consumers billons every year. Yanely provides some sage advice on what to do when that spurious call comes in: ---------------------- Did you know that more than $100,000 in cash prizes are available through NGPF's PAYBACK Challenge? Read the details here but please hurry as the deadline is just days away!...

Reading List for October 5-6

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Oct 05, 2018
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Personal Finance, Current Events, Financial Literacy, Investing, Identity Theft, Career, Taxes
Personal Finance  FinTech: Automating finances tops the popularity ranking of apps, but people still want access to people when it comes to financial planning. (BusinessWire) Taxes: The IRS’ budget has been cut. That means fewer tax fraud cases and audits. (New York Times) Careers: Here are fourteen things you should not say during a job interview. (Time Magazine) Credit: Here is some helpful information on freezing and thawing your credit. (Cleveland.com) Emergency Savings: Need to...

Reading List for September 15-16

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Sep 14, 2018
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Current Events, Economics, Paying for College, Financial Literacy, Identity Theft, Retirement
Included a few extra articles this week as we recognize the ten-year anniversary of the Lehman failure and start of the Great Recession.....and a collection on paying for college as we start the new school year. Ten Year anniversary of Lehman failure What have we learned? Neil Irwin in his UpShot article compares current times to the 1990s looking for lessons. The WSJ looks back at how the Great Recession changed our relationship with risk. This WSJ/The Outlook discusses if the Fed has new...

FinCap Friday Kahoots Are Here!

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Aug 16, 2018
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Question of the Day, Identity Theft, FinCap Friday
Just in time for the new school year, NGPF has something to energize your Friday classrooms and engage them through current events. This will replace our Friday Question of the Day and we are calling it FinCap Friday and here's the deets [FinCap being short for building Financial Capability!]: We pull a current event and create a five question Kahoot which will build your student's content knowledge on the topic. We look for current events that are not ephemeral but will continue to be...

Just One Resource - PROJECT: Create a Scam Guidebook

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May 23, 2018
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Just One Resource, Financial Literacy, Identity Theft
        In this new weekly blog post, Jessica will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.    [The Resource]  PROJECT: Create a Scam Guidebook The Gist: Financial scams are everywhere, out to get you if you're not vigilant. As the school year draws to a close, why not have your students deep dive into the nitty-gritty of how different scams work...

Question of the Day: What's the most popular way for financial scammers to contact consumers?

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May 20, 2018
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Identity Theft, Question of the Day, Current Events, Research, Audio Resource
Answer: Phone Call Questions:  Have you ever been contacted by a scammer via your cell phone? How did you go about approaching the situation? While scammers connect most with people over the phone, how successful are they at stealing people’s money via this method? What’s one piece of advice you would give to your fellow classmate/colleague who’s trying to avoid falling prey to a scam call? Click here for the ready-to-go slides for this Question of the...

What’s New With……Credit Management?

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May 17, 2018
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Identity Theft, Credit Cards, Credit Scores, Credit Reports, Mortgages
This second quarter update deals mostly with credit cards and credit scores, but we touch on managing mortgages and financial infidelity. Credit Cards/Score Ever wonder what to do with that credit card you never use? There is not necessarily one answer for all situations. Do you know exactly what happens when if you make a late credit card payment? How about what happens when you don’t pay off your credit card balance in full? This one might make you think twice about opening a joint...