Identifying and Preventing the Latest Financial Scams

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

Recognize Common Scam Tactics

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

Important Warning Signs to Watch For

• Phishing Emails: Be wary of emails that ask for login details or payment information. Always confirm the sender's address and avoid clicking on unknown 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 genuine loans.
• Fake Tech Support: Scammers posing as tech support may request you to install software or provide passwords. If you didn’t solicit support, hang up immediately.

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