Teachers will be able to:
- Explain how individuals can protect themselves from identity theft and other scams.
- Provide suggestions on where to obtain information on likely scams.
- Give information on how and where to report scams.
This video is available to view for EconEdLink members only.
In this personal finance webinar, learn tips to avoid being scammed and how to report fraud that compromises your personal information.
An overview of Chapter 19: Don’t Be Scammed.
Each year hundreds of thousands of individuals, both young and old, are victims of scams. The Federal Trade Commission reported that 1.1 million people reported fraud in 2017 for a total of $905 million in losses. Individuals and companies attempt to gain money and personal information from others for fraudulent uses.
In this lesson, learn about identity theft and scams and their general characteristics. Review tips to avoid being scammed, and learn where to report scams and obtain help.