Financial Literacy 10 (2026 FINAL)
FL10.10
Explain the importance of, and methods for, protecting personal information and financial assets.
Indicators for this outcome
| (a) | Describe ways to secure personal and financial information, including processes for online account verification (e.g., passwords, encryption, Personal Identification Number [PIN], authenticator applications, biometrics). |
| (b) | Determine when personal information (e.g., Social Insurance Number [SIN], account information, passport information, personal address/location, credit card information) can be shared safely. |
| (c) | Identify various documents such as receipts, bank statements, job applications, resumes and passports which contain sensitive information that others could use fraudulently. |
| (d) | Identify how documents containing sensitive information may be protected using various tools, such as a fireproof safe, document shredder and a secure electronic folder. |
| (e) | Describe the levels of security associated with common payment methods such as cash, debit card, cheque, electronic transfer (i.e., e-Transfer), credit card, bank draft, wire transfer and prepaid credit card. |
| (f) | Discuss risks associated with online payments and contactless payment systems. |
| (g) | Investigate different methods people use to illegally collect personal information for profit through fraud (e.g., calls, texts, service provider emails, subscription renewals). |
| (h) | Explore types of insurance (e.g., cell phone insurance, vehicle registration, tenant’s insurance, life insurance), how insurance can protect assets (e.g., total replacement, prorated coverage) and the related costs (e.g., premium, deductible, monthly payments). |
| (i) | Research processes to address and rectify issues with compromised personal information and fraud. |
Loading...
