OlyFed Helps Keep You Safe With Tips and Tools for Protecting Against Financial Fraud

As scams continue to evolve with technological advancements, Olympia Federal Savings (OlyFed) provides vital strategies to help individuals protect themselves from financial fraud. The article outlines the alarming rise in scams, particularly phone calls and text messages that prey on vulnerable populations, as noted by Lt. Mike Brooks of the Thurston County Sheriff’s Office. Expert Melissa Wood emphasizes the significance of recognizing red flags, such as unsolicited links, urgent messaging, and requests for personal information. OlyFed's Card Control tool is highlighted as an effective way for users to monitor their debit card transactions in real-time, enabling immediate action if suspicious activity is detected.

The article stresses that legitimate financial institutions will never request personal information via text or email, encouraging readers to verify any suspicious communications directly with their bank. Additionally, OlyFed's SavvyMoney service is mentioned as a resource for monitoring credit and protecting against identity theft. By sharing these insights, the article aims to empower readers to stay vigilant and informed about financial scams. In a world where emotional manipulation is a common tactic used by scammers, OlyFed's guidance is invaluable for enhancing personal security.