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New scam targetting companies' payroll departments

Fraudsters have been gaining access to company email chains
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The Greater Sudbury Police Service have sent out a public service announcement regarding a new scam where fraudsters are gaining access to company email chains where they pose as senior management or executives and use the email accounts to contact employees in the payroll/finance section asking that funds be transferred to make business purchases. File photo.

The Greater Sudbury Police Service have sent out a public service announcement regarding a new scam.

"Recently, there have been various reports of fraudsters gaining access to company email chains where they pose as senior management or executives," said a GSPS news release.

"The fraudsters have managed to gain access to legitimate email domains and use them to contact employees in the payroll/finance section asking that funds be transferred to make business purchases."

The Greater Sudbury Police Service is urging businesses to make verbal confirmation of these large monetary transfers before doing so in order to ensure the validity of the request.

If you have been contacted by an individual you believe to be fraudulent, please fill out a report on the Canadian Anti-Fraud Centre website at www.antifraudcentre.ca.

If you are a victim of a Fraud,  contact GSPS at 705-675-9171.