How to Spot and Avoid the Latest Financial Scams

Financial scams are on the rise, and Wyhy Federal is committed on helping members in Wyoming credit unions stay safe. From scam emails to fraudulent loan offers and deceptive technical assistance calls, scammers are getting increasingly cunning. Here’s how to protect yourself from these common traps.

Recognize Common Scam Tactics

Scammers often impersonate as financial institutions, like banks or credit unions, asking for personal information. They might use legitimate-sounding language to gain your trust. Remember, Wyoming credit unions like Wyhy Federal will never solicit sensitive information through unsolicited messages.

Essential Indicators to Watch For

• Phishing Emails: Be wary of emails that request login details or payment information. Always confirm 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 download software or provide passwords. If you didn’t ask for 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