Scams And Fraud
From Open Risk Manual
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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.[1]
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 |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union