Sûreté du Québec is warning residents of a scam targeting businesses. Three cases of fraud totaling $8 million have recently been reported to the SQ.

Scammers are contacting businesses by phone and pretend to be bank employees calling to update the company’s account online. They promise better service; for example, easier and faster online transactions. To do so, the business is asked to download a software provided by the scammers via email or visit a website. Once this software is downloaded, or the website is visited, the scammers have access to the business’s banking information. Scammers then tell the business it will not have access to its online banking because the update can take a few days.

The SQ is reminding people to check in with their financial institutions if they suspect fraud.