Fraud is something that impacts all of us, especially in today’s digital world. From phishing scams to identity theft, the risks are everywhere, and young people are no exception. Did you know; young adults ages 18 - 29 are the age group most vulnerable to scams? But how do we equip the next generation to recognize and avoid these threats? The answer lies in education! Teaching students about fraud in schools empowers them to protect themselves and make smarter decisions online and off.
Safeguard yourself from identity theft and fraud with a credit freeze. This essential step prevents unauthorized access to your credit report and protects your financial future.
Information Security Starts with You!
It's Cyber Security Awareness Month, the perfect time to boost our defenses against digital threats. With online interactions becoming a daily norm, staying alert to scams is vital. At Decorah and Cresco Bank & Trust, your financial safety is our priority. Here are some key tips to keep you informed and secure!
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.