Nobody is immune to Internet scams as we found out last week when a star of TV’s Shark Tank was conned out of $380,000 U.S.

Barbara Corcoran fell victim to what’s being called the Business Email Compromise Scam where her company was invoiced by what appeared to be a client.

Her employee e-trasfered the cash and as the Better Business Bureau’s Karla Lairds puts it “The money was gone within minutes, once it was wired to that scammers account, it was gone.”

“So, you just think it’s another bill for the business but the money is being wired to a scammer.”

Appearing on the NL Morning News, Laird says, it’s up to us to stay on our toes. “Train your employees to inspect all of your invoices because a lot of times the invoices come in for direct relisting that you definitely did not request and that’s how they try to take your money.”

“Due diligence is an important factor and it also comes down to training your employees as well.”

She says there are things we should be specifically “If ever someone is contacting your business saying that they’re changing the contact details or the banking information for one of your vendors, one of your clients, contact that client directly to confirm that information, especially if you received that instruction by email.”

The BBB website has the details on this scam according to Laird as well as the top ten frauds over the past year.

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