Three Scams to Watch for in 2023

Protect yourself from harmful scams and fraud

We’re on the lookout for the latest scams that fraudsters are using to compromise your account. By learning about common fraud tactics, you can help safeguard yourself and your funds.

1. Pretending to be a Wescom employee — some fraudsters will call, email, or text you posing as a Wescom representative. Know that Wescom will never call or text you to request passwords, your account number, debit card number, credit card number, PINs, full Social Security number, online banking credentials, or any one-time verification codes — even if the caller or sender says (or looks like) they're from Wescom. If you receive a call from a phone number that looks like it's from Wescom and are unsure of the identity of a person claiming to be a Wescom representative, hang up and call us back at 1-888-4WESCOM (1-888-493-7266).
2. Check alteration fraud — fraudsters can steal checks sent through the mail by swiping it from a personal or public mailbox. They can change check details, like the payee's name or dollar amount, and deposit it into their own account. Use alternative payment methods such as your Wescom debit or credit card for one-time or reoccurring payments, BillPayer, member-to-member transfers, Zelle^® to family and friends, and ACH.
3. Social media ad scams — scammers can post fake ads on social media marketplaces that sell different goods and services. Often, these fake listings seem too good to be true and ask you to pay in advance. Once you pay the scammer, you won't be able to get in touch with them again. Make sure to do your research on the seller before you make any kind of payment.

For more security tips, visit our Security Center.