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7.03Personal Finance

Identity Theft

TermDefinition
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