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7.03Personal Finance
Identity Theft
| Term | Definition |
|---|---|
| cookies | small files stored on a computer that enable a Web site to 'remember' information about a visitor |
| Electronic funds transfer (EFT) | a part of a system of carrying out financial transactions by computer rather than using checks or cash |
| fraud | deceitful conduct designed to manipulate another person for some gain |
| identity theft | the illegal use of an individual's personal information, such as credit cards, bank & investment account numbers, social security number, etc., and using them to commit theft or fraud |
| online profiling | a practice in which companies collect info. about the Web sites a consumer visits, then use that info. to predict what the consumer may buy in the future |
| secure site | a website that uses safeguards to protect info. from theft during transmissions |
| Social Security number | the unique nine-digit number used by the SSA to keep track of a person's earnings. It can be used to access bank and credit card accounts as well as other personal info. |
| card reader | machine that captures the card number from the magnetic strip |
Created by:
cruzmana
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