Recognizing and Evading the Latest Financial Scams

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

Identify Common Scam Tactics

Scammers often pose 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 request sensitive information through unsolicited messages.

Key Red Flags to Watch For

• Phishing Emails: Be wary of emails that ask for login details or payment information. Always confirm the sender's address and refrain from clicking on unfamiliar 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 ask you to download software or provide passwords. If you didn’t ask for support, terminate the call.

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