Written by in-house fraud expert, Kyra Baeten – BSA & Risk Analyst

When it comes to money, most of us like to think we’ve got it under control and figured out. However, in today’s world, scams and financial fraud are becoming more sophisticated—and harder to spot. Whether it’s a pushy sales call, a too-good-to-be-true job offer, or someone pressuring you to make quick money decisions, financial exploitation can take many forms. It’s not just about losing money—it’s about protecting your independence, your information, and your peace of mind. In this post, we’ll walk through common red flags and how to defend yourself from scams, fraud, and financial pressure.

💡What is Financial Exploitation?

Financial exploitation is when someone uses deceptive or manipulative tactics to take advantage of you or your assets. It can happen to anyone—regardless of age or tech-savviness. Often, exploitation comes from a place of trust and may involve someone convincing you to hand over money, share personal information, or make risky financial decisions.

🚨Warning Signs to Watch For

You don’t need to be a financial expert to spot when something feels off. Here are some red flags to watch for:

1. Pressure to Act Fast
   Scammers often create urgency to rush you into a decision—“limited time offer,” “act now,” “your account is at risk.” Take a step back and seek advice. Real opportunities will still be there after you’ve had time to think or ask questions.
2. Unsolicited Offers of Help
   Be cautious if someone you don’t know well suddenly offers to help with your finances, investments, or accounts—especially if you didn’t ask for help. It might seem kind, but it’s worth asking: what’s in it for them
3. “Too Good to Be True” Opportunities
   If someone’s promising huge returns, easy money, or guaranteed profits—it probably is too good to be true. Scammers prey on hopes and dreams, so always research and verify before committing.
4. Unusual Payment Requests
   Legitimate companies don’t ask to be paid in gift cards, cryptocurrency, ATM deposits or through wire transfers to unknown individuals. These are common signs of fraud—if someone asks you to pay this way, pause and ask more questions.
5. Strange Financial Requests
   Be wary if you’re asked to send money upfront, give out sensitive information (like your Social Security number or online banking login), or if someone tries to keep your conversation private. These are huge red flags.
6. Work Scams
   These target job seekers by offering remote or flexible jobs with a twist. Scammers send fake checks and ask you to buy equipment, training, or background checks—and then request you return the leftover money. Often, the checks are counterfeit and won’t clear. Legitimate employers provide everything you need upfront; you should never have to pay out of pocket!

🛡️How to Protect Yourself (and Your Money)

• Take Your Time
  Don’t let anyone rush you. If something feels off, take a day to think it over or talk to someone you trust. Pressure is one of the biggest red flags.
• Ask Questions
  It’s your money—you have every right to ask who someone is, where they are located, what they want, and why they need your information. If their answers are vague, dismissive, or evasive, that’s a sign to walk away.
• Talk to Someone You Trust
  If you’re unsure about a financial decision or a person’s intentions, check in with a friend, family member, or financial professional. A second opinion can give you clarity.
• Keep Personal Information Private
  Don’t give out sensitive information—like account numbers, PINs, or passwords—unless you are 100% sure you know who you’re dealing with. And never send money to someone you haven’t met in person.
• Review Your Accounts Regularly
  Check your bank, credit card, and investment accounts often. Catching suspicious activity early makes it easier to fix and prevents further loss
• Trust Your Instincts
  If something doesn’t feel right, it probably isn’t. Listen to your gut. It’s better to pause and ask questions than to make a decision you’ll regret later.

📚 Resources You Can Count On

You’re not alone—and you don’t have to navigate this by yourself. Here are some trustworthy resources to turn to:

• AARP – Stay up to date on the latest scams and fraud prevention tips.
• Consumer Financial Protection Bureau (CFPB) – Get guidance on protecting your finances.
• FTC Fraud Reporting & FBI Internet Crime Complaint Center (IC3) – Report scams and find support if you’ve been affected.
• Wolf River Community Bank – We’re always here for you. Whether you have a question about your account or want help reviewing suspicious activity, just give us a call at 920-779-7000, chat with us, or stop by any branch.

🔐 The Bottom Line

Financial safety isn’t just about avoiding scams—it’s about feeling confident and in control of your money. Stay informed, take your time, and know it’s okay to ask questions or say “no.” Your instincts are powerful tools—use them.

Most importantly, know that Wolf River Community Bank is here to help. Whether it’s a question, a concern, or something just feels off—we’ve got your back.

Stay safe, stay empowered, and keep your financial life where it belongs: in your hands.

Check out our fraud page