Scams And Fraud

Definition

Scams And Fraud. In the context of the Financial Competence Framework, Scams And Fraud is a topic in the Financial Landscape subject matter domain.

Competences

Mastering the role of Scams And Fraud in financial literacy context requires the following competences:

Code	Competency Description	Competency Type
512	Knows about the risks of financial scams and frauds when choosing and using financial services and making financial transactions	Knowledge
513	Aware of the existence of fraudulent investment schemes	Knowledge
514	Knows how to spot signs that something or someone may not be genuine	Knowledge
515	Knows where to get information about scam and fraud alerts and warnings	Knowledge
516	Aware of the authority to which to report scams and fraudulent behavior	Knowledge
517	Stays informed about new scams and fraud techniques/schemes	Skill
518	Makes an effort to scrutinize communications, offers and recommendations and consider whether they are genuine	Skill
519	Speaks only to verified representatives of financial institution	Skill
520	Confident to question communications, offers and recommendations if they appear to be fraudulent	Attitude
521	Careful when carrying out online financial transactions in order to avoid becoming victim of fraud	Attitude
522	Confident to take the necessary steps when confronted with suspicious requests for information or actions (block bank card, inform authorities, etc…)	Attitude
523	Motivated to learn how to detect and avoid scams and fraud	Attitude