Pit Stop Summary: Students learn proactive strategies for safeguarding personal, financial and confidential information to prevent financial mishaps in the future
- Identity Theft –Fraudulently acquiring/using another person’s identifying information for financial gain.
- Malware – Software that is intended to damage or disable computers and computer systems.
- Phishing – Activity of defrauding an online account holder of financial information by posing as a legitimate company.
- Secure Sockets Layer [SSL] – The standard security technology for establishing an encrypted link between a web server and a browser.
- Dumpster Diving – Strategy used by identity thieves to retrieve sensitive information about another that was discarded in the trash.
- Establish strong passwords using recommended password strategies.
- Think before you click.
- Protect your identity. Do not share your SSN and full birthdate.
Navigation Tip #1: Establish strong passwords using recommended strategies. Safeguard your Budget Challenge password and interact safely online. Recommended strategies include:
- Create a strong password: minimum of eight characters with at least one capital letter, one number and special character. Password should not contain user name, real name, company name or other easily discoverable information.
- Use mobile or online password protection software or keep passwords in a safe place at home.
- Use unique passwords for different accounts, using more difficult passwords for accounts with sensitive information like online banking or those that can affect your reputation like social media.
Navigation Tip #2: Think before you click It is important that all consumers take necessary precautions to prevent online fraud.
- Free Wi-Fi in public places is often not secure. Do not access financial information on unencrypted sites and avoid using mobile apps that require personal information.
- Be aware of Phishing/Spoofing emails attempting to obtain confidential information. It is highly unlikely financial institutions or government agencieswould request confidential information through an email or on the phone.
- Be wary of downloading software from unknown sources as these may contain viruses, malware or spyware. While playing Budget Challenge, students only receive emails from Budget Challenge authorized accounts. A list of these email address can be found on the Quick Tips file located at Student Home>How to Play.
Navigation Tip #3: Protect your identity. Do not share your SSN or full birthdate. Identity thieves need a combination of four pieces of information: name, address, SSN and birthdate. Protect your SSN and full birthdate to guard against identity theft as these are not easily found online.
Did You Know? A recent study from Kaplan has found that 31 percent of
college admission officers check social media to see if an applicant would
make a good fit at their educational institution.
- Open this file: https://www.budgetchallenge.com/Portals/0/Documents/RoadMap/Week7/W7_Test%20Drive_Financial%20Defensive%20Driving.pdf
- Read and do the Turn by Turn Navigation as a class
- On the left side of the paper read the TAKE ACTION section
- At the bottom read the Rest Area Follow Up questions. Respond to them in the Word Online file for this class.
- At the right read the Now What? box.