CropTec Show
Farminguk
28 September 2016 | Online since 2003
Less co2 Limited


31 March 2014 08:36:07 |Finance,News

Farmers 'fooled' by banking scam


Farmers are being urged to be alert to a banking scam after the National Farmers' Union said a small number of farmers have been defrauded of money.
According to the banking sector, reports of fraudsters contacting farmers are increasing and, now that businesses have been affected, vigilance must be increased.
Fraudsters contact farmers claiming that they represent their bank and that suspicious payments have been set up against their farm accounts. They then ask farmers to provide account details to make the account secure, with the intent of illegally securing and using the funds in that account.
NFU Scotland’s Finance Director Colin Gordon said:
“This is such a busy time of year for farming with lambing, calving and sowing that farmers could be easily caught out by alarming calls from people claiming to represent their bank’s fraud department. Do not fall for this.
“Representatives of the banking sector have informed us that the number of farmers receiving fake calls are increasing, and now some Scottish farmers have been tricked. The warning is that if you unwittingly provide your account information to the fraudsters, they will use it to strip your account.
“The banks have asked us to remind farmers that there are a number of simple things to remember to reduce the chances of becoming a victim of deception.
“Firstly, your bank will never phone or email you and ask for your online password information or any password using your online banking token or card & reader. They will never ask you to make a payment over the phone by using your online account.
“Secondly, if you receive a call claiming to be from your bank and they suggest that you call them back, ensure that you can hear a dial tone first or, where possible, call the bank using a separate phone line from the one on which you received the inbound call. That will prevent a fraudster holding the line open to intercept your return call. Farmers need to be aware – but not alarmed – by this scam but any farmer who is concerned should contact their bank.”
On behalf of the banking sector, Craig Dickson, Director for Agriculture at RBS, said:
“We’ve been alerted to a scam that is directly targeting farmers via telephone. This is not unique to RBS customers but all banks and we would like everyone to be alert to this serious risk.
“The caller pretends to be from their bank or the police, advising of suspicious activity on their account. You will be encouraged to call the bank back 'so you know the call is genuine' - but the fraudsters don't disconnect their call, so they remain on the line. They will then ask you to transfer money to a 'safe account'.
“Please keep in mind that we will never ask customers for their password, pin, card details or security information either over the phone or when they log-in to the banking system online."
Ian Burrow, Head of Agriculture and Renewable Energy at NatWest, said: “We’ve been alerted to a scam that is directly targeting farmers via telephone. This is not unique to our customers but all banks and we would like everyone to be alert to this serious risk.
“The caller pretends to be from their bank or the police, advising of suspicious activity on their account. You will be encouraged to call the bank back 'so you know the call is genuine' - but the fraudsters don't disconnect their call, so they remain on the line. They will then ask you to transfer money to a 'safe account'.
"We know how distressing fraud can be for all involved and provide ongoing support to our customers to deal with the effects.
“We work closely with the police and crime agencies to try and prevent this crime, and communicate frequently with our customers about our security measures and specific threats.
“We will never ask customers for their password, pin, card details or security information either over the phone or when they log-in to the banking system online. We recommend that our customers download the Trusteer Rapport security software. Customers should remember that these rules can protect them even if a Trojan or other virus has infected a computer.”

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


New Zealand | 28 September 2016
Weed free crops? Science may have the answer

Australian scientists are working on a revolutionary new way to help farmers rid their crops of weeds. With billions of dollars lost by farmers every year because of weeds, scientists from Charles ...


Puerto Rico | 28 September 2016
Puerto Rico finds unexpected source of growth in agriculture

Puerto Ricans are buying rice produced on the island for the first time in nearly 30 years. They are also eating locally grown mushrooms, kale and even arugula, along with more traditional crops such ...


USA | 28 September 2016
U.S. farmer lawsuits over Syngenta GMO corn granted class status

A U.S. district court judge in Kansas this week said lawsuits brought by U.S. farmers against seed company Syngenta AG over sales of biotech corn seeds not approved for import by China can proceed as ...


France | 28 September 2016
French cows die after eating all winter stock in one night

Almost half of a 50-strong herd of cows in western France ate themselves to death after chomping on the equivalent of a whole winter’s rations in just one night. The farmer in the Loire-Atlantique ...


Japan | 28 September 2016
2 companies pioneering purchases of Japanese farmland

Photo album giant Nakabayashi and home remodeler Sanyo Amnak will become the first businesses to buy Japanese farmland under a new strategic zone regulation aimed at raising agricultural productivity....



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

Labour will end the badger cull and prioritise ending bovine TB, Shadow Def...


FarmingUK
FarmingUK Logo

FarmingUK

A herd of rare White Park cattle could die out if its owners do not urgentl...


FarmingUK
FarmingUK Logo

FarmingUK

The UK government is "failing" to support farmers in the long-term accordin...


FarmingUK
FarmingUK Logo

FarmingUK

Retailer Co-op has announced that from May 2017 all of its bacon and lamb w...


FarmingUK
FarmingUK Logo

FarmingUK

Over 50 wildlife organisations have compiled a stock-take of all the UK's n...


FarmingUK
FarmingUK Logo

FarmingUK

In the run up to the EU farm ministers meeting the agricultural sector have...


FarmingUK
FarmingUK Logo

FarmingUK

The RPA must iron out a number of problems that still exist with 2015 BPS p...


FarmingUK
FarmingUK Logo

FarmingUK

Tourism businesses in the countryside are being held back due to the uncert...


FarmingUK
FarmingUK Logo

FarmingUK

A 24 point action plan aimed at revitalising Scotland's sheep sector after ...


FarmingUK
FarmingUK Logo

FarmingUK

A new survey has revealed that the vast majority of British consumers belie...


closeicon
Username
Password