What is an “Account Takeover”?
An account takeover happens when a fraudster poses as a financial institution to get your personal or account information. Once the fraudster has access to your account, they can make unauthorized transactions.
According to new data from the Federal Trade Commission’s website, “consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year”. Roger Huinker, a Northeast RSVP Volunteer trained by the Iowa Insurance Division, will be presenting an “Iowa Fraud Fighters” seminar. He will be joined by staff from Decorah Bank & Trust, local law enforcement, and Wright Way Computers.
According to new data from the Federal Trade Commission’s website, “consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year”. Roger Huinker, a Northeast RSVP Volunteer trained by the Iowa Insurance Division, will be presenting an “Iowa Fraud Fighters” seminar. He will be joined by staff from Decorah Bank & Trust, local law enforcement, and Wright Way Computers. Join us at the Decorah Bank & Trust Meeting Room on February 13th at 10 AM (202 Water Street in Decorah).
Cybersecurity risks have grown just as rapidly as technology has and online scam artists are always finding new ways to lower a system’s defenses.
Con artists cheat Americans out of billions of dollars every year. Recognizing red flags for potential scams can help protect you, your loved ones, and your hard earned cash.