VisionBank of Iowa

Scam Alert: If you own a home, there’s a pretty good chance you’ll need a contractor at one point or another. Unfortunately, finding a good one is easier said than done. According to a new study, one in 10 Americans has fallen victim to a contractor scam. The types of scams run the gamut, but baby boomers tend to be the most vulnerable, with 15% saying they’ve been a victim. Millennials were second-most likely to be victimized, at 13%.

Visit our Fraud Education Center to learn more about trending scams and Red Flags to watch out for. 

Fraud Prevention Tips

Are you taking steps to protect personal information? Safeguarding sensitive data in your files and on your computers is just plain good business. After all, if that information falls into the wrong hands, it can lead to fraud or identity theft. A sound data security plan is built on five key principles:

  1. Take stock. Know what personal information you have in your files and on your computers.

  2. Scale down. Keep only what you need for your business.

  3. Lock it. Protect the information in your care.

  4. Pitch it. Properly dispose of what you no longer need.

  5. Plan ahead. Create a plan to respond to security incidents.

To learn more about how you can implement these principles in your business, visit our VisionBank Video Education Center.  You'll see and hear about practical steps your business can take to protect personal information. After you experience the tutorial, we hope you'll take advantage of the other resources on this site to educate your employees and customers. This information is provided by the Federal Trade Commission, Bureau of Consumer Protection.

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