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Financial Services: Care for Your Cash

Lesson 5-3 Financial Fraud

A victim’s age doesn’t matter to scammers. If you have a wallet and a Social Security number, you are at risk for being duped and defrauded. Learn about ways to protect your personal data to make it difficult for identity thieves to profit from using your financial information.

What You’ll LearnProtect your personal account information.  

Taking it Home

  • If you or a family member are ever a victim of fraud, go to the FTC IdentityTheft.gov website to report fraud and get help with a recovery plan.

Learn More

  • Scan a credit card agreement to find out the process and timeline to dispute an unauthorized change on a credit card. 
  • Find tips to protect your personal information by exploring information from the Identity Theft Resource Center.
  • Search your state Attorney General’s website for fraud reporting instructions and fraud recovery tips.

Related Resources

Talking Points for Parents

While your teen is learning about protecting from financial fraud, consider ways to reinforce learning from home.

  • Share your own experiences about a time when someone attempted to fraudulently access your personal or financial information.
  • Ask your teen to demonstrate what is being learned in class about devising a fraud safeguard plan. Have a discussion with your teen about what can be done to reduce the risk of financial fraud or online scams.