European Supervisory Authorities have produced a report offering best practice guidance for financial education initiatives related to scams, fraud, and cybersecurity.
The thematic report from the EBA, EIOPA, and ESMA aims to assist national competent authorities and other public entities in designing and implementing their financial education strategies.
Among the 12 recommended practices are the publication of a blacklist of fraudulent providers, utilizing non-digital channels to engage those wary of technology, incorporating “entertaining elements” such as games into educational materials, and collaborating with teachers to better reach students.
Additionally, national authorities are advised to apply search engine optimization techniques to ensure their financial education websites appear among the top results when consumers search for specific financial information.
Read the report:
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