Scammers are trying to target employees at companies by claiming to be members of senior management.
That's according to Isle of Man Bank which says con artists are sending e-mails alleging to be a senior figure at a business such as a CEO, Director, or Chairman and will ask for money to purchase things such as medical supplies or cleaning equipment.
The bank adds the 'e-mail spoofing' is trying to catch out firms which have staff members now working remotely who may not be able to see their real bosses on a daily basis.
Officials are reminding residents that trusted organisations will never ask for financial details in this way and to remain vigilant.
17 Bus services could be cancelled today
Public debate to explore plans for Manx economic growth
Grants available for Christian churches
Motorcycle club want to hear from potential MGP newcomers
Entries open for Poetry Trail
Reservoir project behind schedule
Women in business celebrated at Isle of Man’s Elevate You Awards