Email fraud scheme involving payroll – what to look out for
SmartPayroll has been advised by banks they work with that there is a new email fraud scheme circulating that involves payroll.
They outline what to look out for.
What’s happening?
The employer receives an email that appears to be from their employee.
The email requests that the employer changes the employee’s bank account details in the payroll system for salary/wages payment.
If the employer changes the bank account details, then the money is paid to the offender.
What you should do to prevent the fraud
SmartPayroll recommends that you carefully check any requests to ensure that they definitely came from your employee.
What you should do if you discover fraud has occurred
If you discover that this fraud has taken place within your company, you should immediately advise your bank.