FRAUD PREVENTION SUPPORT

From your friends at F&M. Protect yourself and all you've worked so hard for from scammers.

Awareness KEY to Prevention

Using advanced technology, scammers can capture a voice recording and generate a “deepfake” version that can be used to impersonate you. All they need is 10 seconds. They can produce checks that are nearly impossible to tell are counterfeit.

AARP states that “Fraud is at a crisis level in this country.” In the first three quarters of 2023, fraud cost U.S. consumers more than $7 billion—5% more than the same period a year earlier, according to the Federal Trade Commission.

Research shows that if a person is aware of a specific scam, they’re 80% less likely to engage with it. And, even if they do engage, they are 40% less likely to lose money or sensitive information, according to the FINRA Investor Education Foundation.

Information & Training Materials to Help You Fight Fraud

Farmers & Merchants conducted three Fraud Prevention Training Sessions in Pierz, Eden Valley and Sauk Rapids. Our goal: to increase awareness of the different types of fraud because awareness is key to prevention.

Following is what we covered and links for downloading the full training presentation and materials that were shared at these sessions.