Lesson Brainstorm: How to Protect Against Credit Card Fraud?

Home Depot’s massive credit card breach (over 50 million accounts impacted) offers an opportunity to teach your students about how they can protect their own identities as the hackers get more sophisticated.  First, what happened at Home Depot?

From NY Times Bits Blog:

Home Depot confirmed on Monday that hackers had broken into its in-store payments systems, in what could be the largest known breach of a retail company’s computer network.

The retailer said the exact number of customers affected was still not clear. But a person briefed on the investigation said the total number of credit card numbers stolen at Home Depot could top 60 million. By comparison, the breach last year at Target, the largest known attack to date, affected 40 million cardholders.

So, how can students protect themselves as they enter the world of financial products, whether it be with a checking accounts, credit cards and/or debit card.  How about asking students to develop a one minute PSA (Public Service Announcement) to educate their peers about how they can protect themselves.  To get them started in the right direction, here are three articles that they can reference:

  • NIne ways to protect against credit card fraud (Consumer Reports)
  • Worried about the Home Depot breach?  10 Steps to Protect Yourself From Future Attacks (Forbes)
  • Young adults at biggest risk of credit card fraud (KOMU.com)