Scams target businesses and municipalities

Scammers are targeting Ontario businesses and municipalities.

The OPP Anti-Rackets Branch has issued a warning about two types of scams: the Business Executive scam and the Card Not Present scam.

In the Business Executive scam, also known as the Business Email Compromise, the potential victim receives an email that appears to come from an executive in their own company who has the authority to request money transfers. The “executive” instructs the payment be made and provides a name and a bank account where the funds — generally a large dollar amount — are to be sent. Police report typical losses in excess of $100,000.

In the Card Not Present scam, Ontario businesses are targeted by fraudsters who claim to represent a regular supplier or an existing contractor. A spoofed email about a change in payment arrangements provides ‘new’ banking details for future payments


· Beware of irregular email requests for urgent fund transfers.

· Prior to sending any funds or product, make contact with the requestor in person or by telephone to confirm that the request is legitimate.

· Watch for spelling and formatting errors and be wary of clicking on any attachments as they can contain viruses and spyware.

· Always wait the prescribed time from the specified credit card company before the items are delivered.

If you or someone you know suspect they’ve been a victim of a Business Executive Scam the Card Not Present Scam, contact your local police service and the Canadian Anti-Fraud Centre by phone at 1-888-495-8501 or through their website.

“Recognize, Reject and Report Fraud”