Consumer Connection: The Impact of Data Breaches on Consumers
Iowa Fraud Fighters Blog
by Sonya Sellmeyer
1M ago
In recent years, the digital landscape has witnessed an alarming increase in data breaches, with companies across various industries falling victim to cyberattacks. In February of this year, Change Healthcare, the largest processor of medical claims in the United States, experienced a breach that exposed sensitive personal identifiable information (PII) and protected healthcare information (PHI) of millions of individuals. The Change Healthcare data breach, like many others, compromised a vast amount of personal data, including names, addresses, birth dates, Social Security numbers, and medica ..read more
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Consumer Connection: Be Alert for Unauthorized Plan Switching of Individual Health Insurance Policies
Iowa Fraud Fighters Blog
by Sonya Sellmeyer
2M ago
Individual health insurance is insurance you purchase yourself – not through an employer or provided through a government health insurance program.  Individual health insurance policies come in two main forms –they are available either on or off the federal Health Insurance Marketplace. If you are purchasing a policy that is on the federal Health Insurance Marketplace, you may receive help from a navigator, an assister, or an insurance agent certified to sell on the Health Insurance Marketplace.  In Iowa for the 2024 plan year, three companies write policies on healthcare.gov: Wellma ..read more
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Fraud Fighters – Barb – Amazon Scam
Iowa Fraud Fighters Blog
by Amy Frolik
3M ago
The post Fraud Fighters – Barb – Amazon Scam appeared first on Iowa Fraud Fighters ..read more
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Fraud Fighters – Nathan – Gift Card Scam
Iowa Fraud Fighters Blog
by Amy Frolik
3M ago
The post Fraud Fighters – Nathan – Gift Card Scam appeared first on Iowa Fraud Fighters ..read more
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Don’t Get Swept Away by a Romance Scam
Iowa Fraud Fighters Blog
by Amy Frolik
5M ago
In 2023, romance scams made up nearly 30% of the senior financial exploitation reports filed with the Iowa Insurance Division. The total or attempted loss for these cases exceeded $4 million.  With today being Valentine’s Day, there can be a sense of urgency for everyone to find someone, anyone, to be their “valentine” for the special day.  Just be careful not to get swept away by a romance scam! The below scam alert discusses some common tactics used by scammers, and some tips on how you can protect yourself and your money. A PDF of this scam alert can be downloaded at the Iowa Ins ..read more
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Announcing 2022 Iowa Fraud Fighters Forums
Iowa Fraud Fighters Blog
by Iowa Fraud Fighters
1y ago
By Doug Ommen, Iowa Insurance Commissioner  We are excited to announce the Iowa Insurance Division’s upcoming Iowa Fraud Fighters forums across the state this summer. Nearly 7 million Americans ages 60 and older fall victim to fraud each year. Con artists use elaborate schemes that prey on your good nature and trust. There is no shame in falling for their games. You can report fraud to us and help stop others, such as your friends and neighbors, from becoming victims.   Our Iowa Fraud Fighters team is here to help you and provide you with the resources to spot a scam and report it. T ..read more
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Consumer Connection: Questions to Consider Before Investing in the Stock Market
Iowa Fraud Fighters Blog
by Iowa Fraud Fighters
1y ago
By Sonya Sellmeyer, Consumer Advocacy Officer for the Iowa Insurance Division The new year brings opportunities for improvement to your financial health.  Investing in the stock market can be an effective way to build wealth. The historic average stock market return is 10% annually before inflation, but investing is geared toward long-term goals and involves risks.  Being financially literate is the foundation to investing, growing, and protecting your assets. The North American Securities Administrators Association recommends asking four quest ..read more
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Consumer Connection: Financial Wellness for the Holiday Season
Iowa Fraud Fighters Blog
by Iowa Fraud Fighters
1y ago
By Sonya Sellmeyer, Consumer Advocacy Officer for the Iowa Insurance Division A recent LendingTree survey found nearly half of the 2,000 consumers surveyed are dreading the holidays due to the financial stress.  There are ways to reduce the financial stress of the holidays and purchase gifts that promote financial wellness. Start with creating a budget for all your holiday expenses such as gas, food, decor, holiday cards, and travel.  Include a predetermined monetary amount for each person on your gift-giving list.  Sticking to a budget will prevent you ..read more
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Consumer Connection: Teaching Children to Save
Iowa Fraud Fighters Blog
by Iowa Fraud Fighters
1y ago
By Sonya Sellmeyer, Consumer Advocacy Officer for the Iowa Insurance Division Teaching a child good savings habits is essential for any financial foundation as an adult.  Despite that, T. Rowe Price’s 11th annual kids and money survey from 2019 found nearly half of parents said they missed opportunities to discuss money and finances with their children.  The survey also revealed that a fourth of the parents were very or extremely reluctant to have a financial conversation with their children while the children surveyed were eager to speak about the topic with half ..read more
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Give Intentionally: Ensure your donations goes to a real charity
Iowa Fraud Fighters Blog
by Iowa Fraud Fighters
1y ago
Many kind, generous people are looking for ways to help the people suffering in Ukraine. Sadly, there are also many people taking advantage of that generosity and good will in order to line their pockets. According to Newsweek.com, many fake donation websites surfaced after Russia’s invasion of Ukraine. These fake websites prey on donors and promise to help people in Ukraine. They appear to be legitimate but are in fact not helping those in Ukraine. This is not a new scam. In charity scams, the wrongdoers mislead donors and divert funds away from the charity. They use legitimate-sounding name ..read more
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