featured
2024-09-16
Fraud
published
featured
2017-04-24
category
published
3 minutes
How to Spot and Avoid the Latest Financial Scams
Keeping your financial information safe is one of our top priorities. It’s important to know how to spot potential scams so you can protect yourself and your hard-earned money.
Latest Fraud Trends and Common Scam Tactics
1. Phishing Emails and Texts
Phishing is one of the most prevalent types of fraud. Scammers often send emails or text messages that appear to come from a legitimate source, such as your credit union or a well-known company, asking you to provide sensitive information like your account number, Social Security number, or passwords. These messages often create a sense of urgency, telling you that your account has been compromised and urging immediate action.
Tip: WyHy will never ask for sensitive personal information via email or text. Always double-check the sender’s email address or phone number and avoid clicking on suspicious links. If in doubt, contact us directly to verify the legitimacy of the communication.
2. Fake Loan Offers
With financial challenges arising, many people are in search of personal loans, making them prime targets for scammers. Fraudsters may advertise fake loans with attractive terms and rates, asking you to pay upfront fees or provide personal information to secure the loan. Once you comply, they disappear, and you never see the loan money.
Tip: Be cautious of unsolicited loan offers, especially those requiring upfront fees. WyHy offers legitimate loan products with transparent terms, and we’ll never ask for fees before processing your loan.
3. Tech Support Scams
In this type of scam, fraudsters pose as representatives from well-known tech companies (like Microsoft or Apple) and claim that your computer is infected with a virus. They’ll ask for remote access to fix the issue or request payment for “software updates.” These scammers can access your personal data or install malicious software on your device.
Tip: Never allow remote access to your device unless you initiate contact with a trusted service provider. If you receive an unsolicited call or message from someone claiming to be tech support, hang up and contact the company directly through their official channels.
How WyHy Helps Protect You
WyHy is committed to protecting our members from fraud. We use state-of-the-art security measures, including encryption, fraud detection systems, and secure online banking platforms. Additionally, our staff is trained to recognize and report suspicious activity, helping to keep your accounts safe.
If you suspect you’ve been targeted by a scam or notice any unusual activity in your accounts, contact WyHy immediately.