Assignment 2a presentation
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This document discusses the risks associated with digital finances such as bank accounts, credit cards, and email. It notes that fraud and identity theft are problems when sensitive financial information is shared digitally. The document outlines specific risks like credit card theft, sharing incorrect bank account information, debt from mismanaging credit cards, and phishing scams that target email users. It also includes commentary from two individuals, Logan and Kevin, who express concerns about privacy and security when using digital payment methods. Both prefer using cash over credit cards and note the importance of protecting personal information online.
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Assignment 2a presentation
- 6. Ryan Maloney Professor Klinkowstein Digital Money and You • Bank Accounts • Email • Credit Cards • E-Commerce
- 7. Ryan Maloney • Digital spending is Universal • Applicable to any type of purchase for any type of product • Replaces carrying around excess cash • More portable and readily accessible Professor Klinkowstein
- 8. Ryan Maloney Professor Klinkowstein Hands in your pocket • Fraud and thievery are prevalent problems related to digital finances • One can lose their entire identity if they’re careless with their information
- 9. Ryan Maloney Professor Klinkowstein The Risks of: Credit Cards • Credit Card #: Access to your money • If someone steals your card they can make purchases with your money. • People lose track of how they spend, leading to bad credit
- 10. Ryan Maloney Professor Klinkowstein The Risks of: Bank Accounts • Sharing Account Information ( correct vs. incorrect people) • Keeping track of your debt account cards. • Also banks loan using your money.
- 11. Ryan Maloney Professor Klinkowstein The Risks of: Email • Email asking for account information to collect prize money or buy product. • You won something you didn’t participate in • Advertising Penny Stocks • Offering free services but need personal info
- 12. Ryan Maloney Professor Klinkowstein The Voice of : Logan • How do you feel about trusting your money to intermediaries like Pay Pal?” • “How do you protect yourself against possible fraud?” • “ What would you say characterizes a fraudulent sales pitch?” • “ I’m not as comfortable because I don’t like having to involve a middle man” • “ Creating multiple levels of information.” • “Asking easy security questions like date of birth as well as asking for personal information.”
- 13. Ryan Maloney Professor Klinkowstein The Voice of : Kevin • “Are you comfortable making online purchases without physical money?” • “What concerns do you have using cards instead of cash?” • “ What would you say characterizes a fraudulent sales pitch?” • “No I prefer to handle cash. There are many risks involved online.” • “ Credit cards can lead people in to debt. Also they are sometimes not accepted in certain stores. They are linked to personal information.” • “ It’s too good to be true.”