Northern Territory Police are again urging Territorians to be wary of a scam that is targeting Northern Territory Businesses.

Over the past week, Police have received a steady increase in reports from victims regarding the well-researched scam, which has seen up to in excess of $500,000 loss.

Many of the business who have reported the scam have been targeted through fake invoices or invoices with modified payment details. These documents are of high quality and in many situations it is difficult to distinguish from legitimate documents.

The payment details are linked to accounts accessed by the offenders or associates.

Police advise Northern Territory businesses and finance/payment areas to be vigilant when transferring significant sums of money and where feasible confirm the account details prior to any transfer.

To date, the vast majority of funds have been recovered thanks to prompt reporting by the victims along with processes and intervention undertaken by the banks and Police.

If you have fallen victim to a scam of this nature, you can report the matter or get more information at the Australian Cybercrime Online Reporting Network.