Identifying and Preventing the Latest Financial Scams

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

Identify Common Scam Tactics

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

Key Red Flags to Watch For

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

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