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.
Glen Maye requisition meeting scheduled
Viking longboat races today
Postal vote applications have to be in soon
Mum launches petition over university support
Bus services north and south face disruption later
Wildlife Trust unveils woodland plans
Deadline looms for by-election nominations