How to Spot and Avoid 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 bogus loan offers and misleading tech support calls, scammers are getting increasingly clever. Here’s how to safeguard yourself from these common traps.

Identify Common Scam Tactics

Scammers often impersonate as financial institutions, like banks or credit unions, asking for 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 cautious of emails that demand login details or payment information. Always verify 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 ask for support, hang up immediately.

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