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.
Coastguards complete two rescues in a day
Space to bring 90's vibes to the 'Neighbourhood'
Noble’s Private Patients’ Unit reopening later this year for some procedures
Ballasalla roundabout could be completed next year
Two more schemes backed by government fund
Island to get Bikesafe scheme for first time
Jurby Junk's Stella dies aged 90
No plans to publish UK's assisted dying letters