December 3, 2015• Entry Task: What is fraud? What is identity

theft?

• Target: Work in groups to research common types of fraud and present findings to the class.

Fraud• “a deception deliberately practiced in order to secure

unfair or unlawful gain”What does that mean…?

• Purposely tricking or taking dishonest advantage or a person/group to earn or take something• EX: a person promises you will make a lot of money

investing with them, then takes your money and runs!

Identity Theft• “Taking, or stealing, another’s personal information

without permission and using it to assume their identity”

• Identity theft is often used to commit fraud• EX: A person’s bank account number and PIN are taken

(identity theft) to “break into” bank account and steal money (fraud)

• People go to great lengths, even changing their physical appearance to match the victim’s!

Statistics• Each year 1 in 9 people in the U.S. fall victim of

identity theft• 47% of these cases, committed by someone the

victim knew• Receiving bank statements to your home makes you 8x more likely to come victim• Electronic hacking increasingly popular; each year 57 million Americans receive scam emails!

Research the following Scams:Mail Theft

Phising Emails

ATM Skimmi

ng/ Should

er Surfing

Dumpster

Diving

Electronic

Pickpocketing

Scholarship/

Financial Aid Fraud

Charity/

Tragedy Fraud

Vishing (voice

phising)

1. Definition/Description • What does this even mean?!

2. Statistics on your form of fraud

• How often does this occur?• Specific age group targeted?

3. Prevention• How can I protect myself and my money?

Hand write and turn in tomorrow so you can

study for the test tomorrow!