verviewThe job/employment scam takes advantage of those who are seeking work.Individuals are offered a job without needing to have an in-person meeting with the employer. The target is asked to receive money from an unknowingly-compromised bank account.They are then asked to withdraw cash in order to purchase bitcoins.These bitcoins are, in turn, sent to the wallet address of the scammer.Demographic of targets: The elderly, recent immigrants, the young (students with little knowledge of legal systems), and workers who receive payment under the tableHow it WorksThe scammer will contact a job seeker through an email, or phone call, and offer them a job. If the job seeker believes that this job offer is legitimate, they will accept their offer and follow the scammers’ subsequent instructions.The instructions will involve funneling money from a compromised bank account controlled by the scammer, into the target’s bank account; this is done via Interac e-Transfer. The target will then be instructed to withdraw most of the transferred money, with the difference being the target’s compensation. The target is then requested to use the withdrawn money to purchase bitcoins at a Bitcoin ATM, and send them to the scammer’s wallet address. When the compromised bank account’s holder discovers money missing, they will report it to their local authorities, who will ask the bank to reverse the transaction. After the transaction is reversed, the target will be left at a loss, having already withdrawn the money sent to them.Prevention: Stay AlertThe majority of jobs will require a physical presence for an interview. Always be skeptical when being offered a job. Be particularly cautious of any jobs that claim to be ‘remote’ or ‘work-from-home’. Be wary of any job offers made on-the-spot, through an email or a phone call, and without an interview. It is also very important that you never accept money transfers from anyone you do not know. Most certainly, the chances are that the funds are coming from a compromised bank account. A job will also most certainly never involve conducting business out of a target’s personal bank account. Any job that is easy to obtain, with easy pay, is most likely too good to be true. It is always good to have a healthy dose of skepticism.