Agri-Shop Ltd
Farminguk
30 May 2016 | Online since 2003
OvoConcept


8 April 2014 06:19:01|Finance,News

Farmers still being targeted in bank fraud scams


Farmers in the UK are continuing to be targeted in bank fraud scams, according to the National Farmers' Union.
Over the weekend, members in the Borders and Angus received fake phone calls and have contacted NFUS about unsuccessful attempts to strip thousands of pounds out of their farm accounts. Unfortunately, in recent weeks, a small number of Scottish farmers have been defrauded of substantial sums of money.
Given that reports of fraudsters contacting farmers are increasing and businesses have been affected, the Union feels vigilance must be stepped up.
Fraudsters contact farmers claiming that they represent their bank and that suspicious payments or cheques have been set up or drawn against their farm accounts. They then ask farmers to provide account details to make the account secure, with the intent of illegally accessing and using the funds in that account.
NFU Scotland’s Finance Director Colin Gordon said: “We are placing members on high alert as the number of farm businesses being targeted by fraudsters continues to grow. 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.
“These criminals are organised, calculating and convincing – please do not fall for this. Some Scottish farmers now know from bitter experience 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 account or password information. 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.”

Download





0 Comment


loginuserlogo
Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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

World News

Canada | 27 May 2016
Southern Ontario farmers launch their own weather network

Southern Ontario farmers are building their own weather network to more accurately record how conditions will affect their crops. The AG Grower Daily Dashboard project is designed to give farmers h...


Australia | 27 May 2016
National Australia sees farmers seeking loans to weather crisis

National Australia Bank Ltd., the nation’s largest lender to farmers, is expecting its dairy clients to seek short-term credit to assist them as slumping milk prices have thrown the industry into a cr...


USA | 27 May 2016
Central Indiana county approves livestock farm restrictions

A central Indiana county has approved new restrictions on big livestock farms limiting where those farms with hundreds or thousands of animals can be built. The ordinance approved this week by the ...


Ireland | 27 May 2016
Dairy farmers' income plight in spotlight

IFA president Joe Healy, who met with EU Agriculture Commissioner Phil Hogan in Brussels, said the majority of dairy farms will be in the red this month. He urged the Commissioner to act without de...


Canada | 27 May 2016
The changing face of Canada's farm industry

Mapping the evolution of Canada's farm industry is not as simple as just examining the numbers. Every five years, Canada's federal government asks us to provide details on who lives in our househol...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password