Pewaukee (WKOW) -- from WI Credit Union League: Scam artists paying attention to the news are well aware of the changes occurring in the financial marketplace and may begin to capitalize on that to "phish" for consumers' personal information.
Phishing is a type of scam used with the intent of capturing personal information through mass messages like emails or advertisements.
That means consumers need to be wary when receiving emails that ask them to update, validate or confirm account information.
Consumers could soon see messages like:
"We recently acquired the mortgage on your home and are in the process of validating account information. Please click here to update and verify your information."
However, no legitimate business - including Wisconsin credit unions or other financial institutions - would ever solicit personal information via phone or email.
The Federal Trade Commission recommends these tips for consumers: