Definitions
The potential of losing something of value.
What is risk?
A risk management tactic that involves completely avoiding an activity that poses risk.
What is risk avoidance?
Using phony emails, text messages, and websites designed to steal sensitive information.
What is phishing?
A social device providing financial compensation for the effects of misfortune.
A service designed to help you regain good financial standing after identity theft has occurred.
A type of health insurance that covers injuries, illnesses, or maternity leave which prevent an individual from working for a short period of time.
Changing dietary plans, exercising regularly, drinking plenty of water are examples of...
What is risk reduction?
Name, social security number, credit card numbers, etc. are all examples of...
What is personal identifying information?
The fixed amount of costs a policy holder is responsible for paying before insurance coverage starts picking up the bill.
What is deductible?
A law that made identity theft a crime against individuals instead of a crime against creditors.
A type of life insurance that is available for a given period of time, usually for 10-30 years.
What is term life insurance?
A risk management technique that transfers the risk to a third-party entity such as an insurance company.
What is risk transfer?
Using another's personal identifying information to apply for credit cards, open utility accounts, new cell phone lines, etc.
What is new account fraud?
Provides coverage for a tenant's personal property within a rented property.
What is renter's insurance?
A Federal Law that defined "aggravated" identity theft as theft used to commit immigration violations and domestic terrorism.
A policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.
What is property insurance?
A risk management technique that includes increasing precautions or limiting risky activity.
What is risk reduction?
What is Federal Trade Commission?
Entails using a business's name to obtain credit or billing a business's clients for products and services.
What is commercial identity theft?
What is insurance rider?
A risk management technique that involves accepting the risk; effective for small risks without a significant threat.
Using another person's account information to obtain products or services using the person's existing accounts.
What is account takeover fraud?