Cattle producers and livestock agencies are being urged to double check bank account details before paying invoices, following a rise in reports of rural businesses losing substantial financial sums to online invoice fraud.
Scams involving simple adjustments to bank account details on otherwise legitimate invoices are behind an increase in losses for farming and livestock agency businesses in recent months.
Beef Central has become aware of several cases in recent weeks where family farming enterprises have lost substantial sums of money, in some cases totalling well over $100,000.
Keith…
