3
AssignmentMultiple Choice

Identity Theft

Question 3 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Amir received a text from his bank to update his PIN. He clicked on the link and followed the directions. Later he found out that the text wasn’t from his bank, but it was a fraudulent text. What should Amir do now to prevent any more damage?

Answer
A
Amir should contact his cell phone provider to alert them of this scam.
B
Amir should not contact the FTC since only his bank account was impacted.
C
Amir should not worry about it since he does not have much money in his account.
D
Amir should contact the fraud department at his bank and ask them to help resolve the issue.

Explanation

Amir should contact his bank’s fraud department immediately because he entered information after following a fraudulent link. The bank can secure his account, help change or protect his PIN, and investigate any unauthorized activity. His account balance does not make the risk unimportant, and contacting his cell provider alone would not address the possible bank account compromise.

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