Your Money & Social Media
When deciding whether to follow an influencer on social media, teens said this trait was most important.
What is authenticity?
Websites that make it difficult to cancel a membership or mislead you into making unintended purchases are using a design strategy known as:
What is a dark pattern?
When trying to decide between two similar items to purchase you are doing this.
The most common type of identity theft is credit card fraud. True or False?
TRUE
Request for your personal information is one of two major signs that a situation might be a scam. What is the second one.
Urgent need for money.
Click on products that are advertised to you through social media apps and buy them immediately. Good or Bad?
BAD
You see a commercial on TV saying, “Buy this soda - everyone else is doing it!”
What is Social Proof?
Comparison shopping may save you money in the long run. True or False.
TRUE
For added security, many online accounts give you the option to enable this option which requires you to enter your password as well as a one-time verification code.
What is 2-Factor Authentication (2FA)?
What is the ultimate goal of a scam?
To get money from people.
Check social media on an hourly basis to stay on top of notifications and updates. Good or Bad when it comes to managing your expenses?
BAD
An ad for a new medical drug features a doctor who endorses the product.
What is authority bias?
The quality of a product does not matter when you are comparison shopping. True or False.
FALSE
When hackers break into a company’s system and steal private information such as customers’ passwords or credit card numbers.
What is a data breach?
A company is structured so that lower-level employees are recruited and have to make payments, which go to higher-level employees.
What is a pyramid scheme?
Identify two types of purchases social media might influence someone to buy.
What is
A store sends you an email notification about a product you like saying “Limited stock! Only 8 left!”
What is scarcity?
98% of people do this when comparison shopping.
What is reading reviews?
What is one way you can protect your personal information from identity theft?
More than one correct answer.
A fraudster boosts the price of a stock based on false or misleading information and then sell the stock.
What is a pump and dump scam?
When a popular Instagram personality promotes a brand’s new product line, they are acting as a:
What is an influencer?
This is dark pattern where a website automatically signs you up for a paid subscription when you create an account but there is no easy way to cancel it.
What is Roach Motel?
Ben is looking for a new jacket. What are two factors he should consider before choosing one to buy?
Which type of identity theft is MOST prevalent for people age 19 and under.
What is employment or tax-related fraud?
A fraudulent attempt to obtain sensitive information such as usernames, passwords and financial information via electronic communication.
What is phishing?