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Police advise caution in buying and selling online after e-transfer scams reported

The frauds typically start when someone shows interest in purchasing an item and sends a link to the seller that appears to be payment via e-transfer
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Once the seller clicks on a link provided by the 鈥渂uyer,鈥 spyware is activated that gives the 鈥渂uyer鈥 access to the seller鈥檚 financial accounts and allows money to be moved out of the seller鈥檚 bank account. JENNY KANE, AP FILES

Victoria police are warning people to be cautious when buying and selling online after several fraud reports involving e-transfers.

The frauds typically start when someone shows interest in purchasing an item and sends a link to the seller that appears to be payment via e-transfer.

But once the seller clicks on the link, spyware is activated that gives the “buyer” access to the seller’s financial accounts and allows money to be moved out of the seller’s bank account.

Police advised using secure payment platforms, avoiding clicking on unfamiliar links, setting up auto-deposit that allows for payment without having to click on any links, and using official banking apps for transactions.

They also said to watch for “red flags” such as urgent requests for payment or demands for immediate action.

“Staying informed and taking precautions can provide you with extra security,” police said. “If you notice anything unusual, contact your bank.”

Anyone who loses money is advised to report it to Victoria police at 250-995-7654.

Victims of fraud can also report it online to the Canadian Anti-Fraud Centre at .

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