First Federal Bank & Trust Security Manager and Chief Risk Officer advices public on scams

According to the Federal Trade Commission, US citizens lost a record $10 billion to scams in 2023. These scams range from cryptocurrency scams to romantic scams. These scammers use many forms of communication, and prey on those who are willing to help. 

First Federal Bank & Trust Security Manager and Chief Risk Officer Tyler Neeriemer made an appearance on Sheridan Media’s Public Pulse to discuss various types of scams that are being seen in the Sheridan area. 

Through the use of texting or email, a scam has made the rounds to many businesses and some private accounts during the holiday season. 

T. Neeriemer 

Neeriemer said there is often a sense of urgency attached to many of these types of scams. The scammers do not want their intended target to speak with anyone before purchasing the gift cards or wiring the funds. 

Other red flags that the text or email may be a scam include requests for personal information like passwords or bank details. The message originates from unfamiliar senders containing suspicious links, spelling errors or threats of legal action.

Some of these include deals that appear too good to be true, and requests to wire money or purchase gift cards without verification.

Neeriemer recommends not clicking on links from unfamiliar sources as that can allow these bad actors access to email and mobile devices. He advises people to slow down and not act on the demands of those who call, text or email without first verifying their identity as legitimate businesses and law enforcement will not call, text or email and demand these types of actions. 

T. Neeriemer 

The Federal Bureau of Investigation has many resources to inform the public on the different types of scams that are taking place. Find that here.