Personal Finance Courses: Consumer Protection against Fraud

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1.
Posting your birth date online is harmless.
Choose wisely. There is only one correct answer.
False. Thieves can sometimes use birth dates in conjunction with names to commit fraud against you.
2.
Why might scammers go to great lengths to detail the intricate aspects of the scams they present?
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Detail makes it look legitimate. It can look more like a legitimate opportunity when there are details involved.
3.
When a criminal is required by law to pay back what he or she defrauded you of, that is called _______.
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Restitution. Making restitution is required with regard to numerous federal crimes.
4.
There are many good reasons to fill out an affidavit with the Federal Trade Commission after your identity has been stolen. One of them is that it can help your creditors investigate fraud on your account.
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True. An FTC affidavit carries some weight with creditors.
5.
If a fast-talking salesman on the telephone is describing an investment opportunity as having a high yield and a low amount of risk, what should your reaction be?
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Skeptical. Always be skeptical of any investment claiming a high yield and/or low risk.
6.
Trojans and spyware are examples of _______.
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Malware. Malware is software that damages or disables computers.
7.
The only known danger of medical identity theft is having large medical bills charged to you.
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False. There are other dangers; for example, a thief could put false information on your medical record, which could be life-threatening.