Identifying and Preventing the Latest Financial Scams

Financial scams are on the rise, and Wyhy Federal is dedicated on helping members in Wyoming credit unions stay safe. From phishing emails to bogus loan offers and fraudulent tech support calls, scammers are getting increasingly sophisticated. Here’s how to shield yourself from these common traps.

Recognize Common Scam Tactics

Scammers often impersonate as financial institutions, like banks or credit unions, requesting personal information. They might use formal language to gain your trust. Remember, Wyoming credit unions like Wyhy Federal will never ask sensitive information through unsolicited messages.

Essential Indicators to Watch For

• Phishing Emails: Be wary of emails that demand login details or payment information. Always verify the sender's address and avoid clicking on suspicious links.
• Fake Loan Offers: If a loan seems too good to be true, it probably is. Real financial institutions don’t require upfront fees for legitimate loans.
• Fake Tech Support: Scammers posing as tech support may demand you to install software or provide passwords. If you didn’t solicit support, terminate the call.

Stay alert and report any suspicious activity to Wyhy Federal or your financial institution. Let’s work together to keep our community safe! #WyomingCredit #AvoidScams #FinancialSafety