Laurentian Bank: Laurentian Bank of Canada.
Business and corporate fraud.
Business and corporate fraud.
Fraudsters target business systems, suppliers or employees.
Supplier fraud.
What’s supplier fraud?
Supplier fraud occurs when attackers impersonate a legitimate vendor to divert payments or gain access to systems.
Common supplier fraud scenarios include:
Vendor emails claiming new bank account details.
Fraudulent invoices for goods and services never delivered.
Attackers infiltrating a real vendor’s email to send legitimate‑looking requests.
Supplier fraud is especially dangerous because it exploits trusted relationships and often bypasses normal suspicion.
How to spot supplier fraud.
Red flags to look out for:
Vendor suddenly changes payment instructions.
Requests for early or duplicate payments.
Inconsistencies with usual behavior.
Our tip: Always take a step back and verify who’s actually contacting you. Verify with a colleague through a trusted channel, not the contact information provided in the suspicious communication. This helps ensure you’re not responding to supplier fraud.
How do you avoid becoming a victim of scams or fraud in the workplace? Strengthen your internal defences:
Train employees on BEC and supplier fraud red flags.
Use strict verification protocols for requests involving money or sensitive data.
Confirm vendor banking changes via a known phone number, not the information provided in the suspicious email.
What to do if you think you’ve been scammed:
Stop engaging with the scammer.
Contact your immediate superior to advise of the situation.
If your banking information was provided, contact your bank immediately.
Change passwords for any affected accounts where sensitive information was given.
Report the scam to your local police and the Canadian Anti-Fraud Centre.
Business Email Compromise (BEC).
What’s Business Email Compromise (BEC)?
It’s a targeted attack where criminals impersonate executives, employees or partners to trick an organization into sending money or sensitive information.
Common BEC scenarios involve a fraudster who impersonates an employee or executive to:
request a money transfer urgently and discretely; or
request sensitive information.
BEC takes advantage of an employee’s desire to be helpful and play a role in important decisions.
How to spot BEC.
Red flags to look out for:
Unusual urgency from someone claiming to be an executive.
Requests to bypass standard procedures, such as payments, credentials, or approvals.
Request to keep the situation discrete or a secret.
Our tip: Always take a step back and verify who’s actually contacting you. Verify with a colleague through a trusted channel, not the contact information provided in the suspicious communication. This helps ensure you’re not responding to a BEC.
How do you avoid becoming a victim of scams or fraud in the workplace? Strengthen your internal defences:
Train employees on BEC and supplier fraud red flags.
Use strict verification protocols for requests involving money or sensitive data.
What to do if you think you’ve been scammed:
Stop engaging with the scammer.
Contact your immediate superior to advise of the situation.
If your banking information was provided, contact your bank immediately.
Change passwords for any affected accounts where sensitive information was given.
Report the scam to your local police and the Canadian Anti-Fraud Centre.