Ballarat Police are aware of a new scam targeting owners of business emails.
Police have been told the scam involves emails informing victims of a change of bank account.
Ballarat Police have seen four of these scams in the past five months, valued over $120,000.
Police understand that these emails appear to be from a business email but may have one less or one extra letter in the email address.
The email explains that the business has changed its bank details and requests the victim to provide new bank details.
The next step of the scam is a follow-up email requesting payment of outstanding invoices to be made immediately.
Anyone with any information is urged to contact Crime Stoppers on 1800 333 000 or submit a confidential crime report at