The Saskatoon Police Service says the latest wire fraud scam targets direct deposit information.

The Economic Crime Unit says fraudsters are targeting Human Resource/Finance Departments by convincing employees to change direct deposit banking information so that employee paychecks are being deposited into accounts controlled by the fraudster.

The scam artists are often communicating through “Phishing” emails and may even pose as a legitimate vendor and have service payments redirected to another account.

On top of that, the emails look legitimate often says “I need to update my direct deposit information.” They don’t have the characteristic misspellings, grammar mistakes and well written. Anyone who receive what think could be a phishing email in relation to changing direct deposit information for an employee is urged to save the email, don’t reply and contact police.