How does Interac e-Transfer interception happen?
Interac e-Transfer interception occurs when a fraudster diverts a legitimate money transfer to their account and deposits the money. Interception can happen when your email has been hacked.
Fraudsters get you to provide personal and account information by sending texts or emails that appear to be from legitimate sources. Selecting the links and inputting your personal information such as usernames, PINs and passwords can expose your email to scammers or make you susceptible to malware.
Once fraudsters have access to your email account, they’re able to see the notifications and links for your e-Transfer transactions. Fraudsters can either guess the correct security answer, use previous answers or check for emails containing the security question and answer to redirect the funds into their accounts.