Identity Theft

/Identity Theft
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Resource Lists for Financial Educators (courtesy of Barbara O’Neill of Rutgers Cooperative Extension)

What does a distinguished professor do during her sabbatical? Curate personal finance resources, of course! In this blog post, Barbara O’Neill shares the fruits of her hundreds of hours of labor in putting together three awesome resource lists (see bottom of post for links to her lists), including what what she considered the “best of the best” from the NGPF library. As she describes below, the purpose of her odyssey was to replenish her “well” of creative learning activities. I hope that your “well” overflows as you find resources that will work in your classroom. Thank you Barbara for this tremendous gift to the community! Your commitment and dedication to improving financial literacy in this country inspires us.

How Can You Protect Your Online Accounts from Hackers?

Some great advice from WSJ (subscription) as identity thieves continue to develop more sophisticated strategies to steal your identity. Moral of the story: You are your own worst enemy when it comes to giving up information when you should not be.

A few highlights and some strategies to protect oneself:

  • Phishing is the most common online scam:
By |February 28th, 2017|Article, Current Events, Identity Theft|

WebQuest: How To Protect that Credit (and Debit) Card!

I am always amazed when I am searching Google for interesting news stories about credit cards how frequently the articles detail how the “bad guys” manage to steal credit card information. Identity theft can seem like an adult problem to many teens (unless their parents or they have been personally victimized), so I thought this quick WebQuest might bring the topic home to them.  I thought it would be interesting to provide an update to my earlier 2015 post titled (apologies to Paul Simon) “50 Ways to Swipe Your Credit Card (or Debit Card) Number.”

So, here’s the assignment:

Question: What Are The Ten Most Popular Passwords?

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Before I answer, please let your students know if their password shows up below on this list, they better change it NOW!

Answer (from Consumerist):

By |January 19th, 2017|Current Events, Identity Theft, Question of the Day, Research|

Chart: How Is Card Fraud Committed In US Compared to Rest of the World?

From Federal Reserve Payment Study 2016:

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Questions for your students:

Question: How Long Does It Take a Hacker To Steal Your Credit Card Information Online?

Answer (from Newcastle University research): About 6 seconds (yikes!) [This should grab your students attention!]

From Thrillist:

According to new a paper authored by Newcastle University researchers, hackers can mine your financial information using simple guesswork, spread out across multiple websites. When the process, known as a Distributed Guessing Attack, is coupled with a specifically designed toolkit, it isn’t very hard to exploit the security systems of major e-commerce sites…

Here’s a 31 second video explaining the technique:

Question: What’s the Difference Between Debit And Credit Cards?

Students are often confused about this distinction between debit and credit cards. Here are some resources that help show the ways in which they differ:

Question: What Is Fastest Growing Area for Credit Card Fraud?

Hint: Crooks have figured out ways to circumvent the chip cards.

Answer (from WSJ): “Card-not-present” fraud.