Explore the financial risks associated with frauds, phishing and scams.

Indicators for this outcome
(a) Define frauds, phishing and scams.
(b) Discuss examples of frauds, phishing and scams that pose financial risks.
(c) Research the financial and other (e.g., emotional) impact of frauds, phishing and scams on individuals and society.
(d) Examine the steps that should be followed if personal information has been compromised.
(e) Describe ways to protect oneself from frauds, phishing and scams such as an unsolicited vacation offer, unsolicited offer for computer repair services, or unsolicited request to confirm login details to a secure website.
(f) Investigate actions that should be taken when one becomes a victim of frauds, phishing or scams, including the process for reporting to authorities.
(g) Critique financial institutions’ or companies’ sales tactics and claims that appear to be misleading.
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