Everfi Money Moves part 3 & 4

Front

What is the risk of using public Wi-Fi for online banking?

Back

Public Wi-Fi can expose users to security risks, such as connecting to spoofed sites or unsecure networks, making it unsafe for online banking.

Front

What does P2P stand for in financial transactions?

Back

P2P stands for Peer-to-Peer, referring to direct transactions between individuals without intermediaries.

Front

What is a secure website?

Back

A secure website is one that uses encryption (HTTPS) to protect user data during transmission.

Front

What should you avoid when using P2P payment apps?

Back

You should avoid sending or receiving payments from people you do not know.

Front

What is identity theft?

Back

Identity theft is the unauthorized use of someone else's personal information, typically for financial gain.

Front

What steps should you take if you suspect identity theft?

Back

Review your credit report, alert your financial institutions, and change your passwords.

Front

What is the purpose of encryption in online transactions?

Back

Encryption protects sensitive information by converting it into a code that can only be read by authorized parties.

Front

What is a spoofed website?

Back

A spoofed website is a fraudulent site that mimics a legitimate one to deceive users into providing personal information.

Front

What is the importance of strong passwords?

Back

Strong passwords help protect accounts from unauthorized access and reduce the risk of identity theft.

Front

What is a user PIN in P2P apps?

Back

A user PIN is a personal identification number that adds an extra layer of security for transactions.