Fraud Watch: Protect Yourself from IRS Scams & Fraudulent Calls

In today's digital age, scams are becoming increasingly sophisticated, and it's crucial to stay vigilant. At Westerra Credit Union, we want to ensure that our community is well-informed and protected against these threats. Here are some important points to keep in mind:

IRS Text Message Scams

One of the most alarming scams involves text messages that claim to be from the IRS, threatening jail time for unpaid taxes. These messages are designed to instill fear and urgency, prompting individuals to act without thinking. Remember, the IRS will never contact you via text message, email, or call you demanding payment or threaten jail time. If you receive such a message, do not respond or click on any links.

Fraudulent Calls and Texts from Financial Institutions

Another common scam involves fraudsters posing as financial institutions or fraud departments. These scammers may call or text you, pretending to be from your bank or credit union, and ask for sensitive information. Here are some key points to remember:

• Do not provide texted codes that state "do not share."

• Do not provide sensitive account information such as your account number, card number, or PIN.

• Do not provide online banking credentials like your username and password.

• Call your financial institution's reputable phone number and not the one provided in the text or call.

• Beware that the number can be spoofed to look like your financial institution's official number.

• Be cautious with links: Ensure that the context of the message aligns with your expectations and verify the source before clicking on any links.

• Do not allow remote access to your devices under any circumstances.

Protective Measures

To protect yourself from these scams, follow these steps:

1. Verify the source: Always verify the source of any communication claiming to be from a financial institution or the IRS. Use official contact information found on their website.

2. Be cautious with links: Ensure that the context of the message aligns with your expectations and verify the source before clicking on any links.

3. Secure your devices: Ensure your devices are secure and up to date with the latest security patches.

4. Educate yourself and others: Stay informed about common scams and share this information with friends and family.

At Westerra Credit Union, we are committed to your financial well-being and security. By staying vigilant and informed, you can protect yourself from these sophisticated scams. Remember, you have the power to safeguard your personal information and financial assets. Together, we can create a safer community.