Recognizing and Evading 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 fake loan offers and misleading technical assistance calls, scammers are getting increasingly sophisticated. Here’s how to protect yourself from these common traps.

Recognize 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.

Important Warning Signs to Watch For

• Phishing Emails: Be careful of emails that ask for login details or payment information. Always confirm the sender's address and refrain from clicking on unknown 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 request you to install software or provide passwords. If you didn’t request support, end the conversation.

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