Farmers targeted in scam

A new scam has come to light in which fraudsters are specifically targeting farmers in a scheme involving invoice redirections. As a result some farmers have lost up to £30,000 although according to NatWest some have lost significantly more.

The fraudsters are obtaining details of a farm’s supplier network simply by searching the internet. They are then posing as the established suppliers, notifying clients by email of changes to their bank account details. As a result payments have been re-directed to fraudulent accounts.

In some cases the scam only became apparent when the genuine suppliers chased for payment.

If a supplier notifies you of any changes to their banking details it is important to contact the company independently and speak to your regular contact in order to confirm that the changes are indeed genuine.