The New Brunswick RCMP is investigating multiple reports of teenagers being financially extorted online.

The police also say that there are people creating fake accounts on social media platforms such as Snapchat and Instagram and using these accounts to befriend teenage boys aged 15 to 17.

The police added that they convince teenagers to share intimate photos and videos of themselves and then threaten to share the images with friends and family if they do not send them money, gift cards, or cryptocurrencies.

In recent months, the Royal Canadian Mounted Police say they have witnessed an increase in these types of incidents.

"We understand that it may be difficult for young people to talk about these kinds of incidents, but it is important to notify the police as soon as possible if you are a victim of online extortion," said Cpl. Hans Ouellette with New Brunswick RCMP, in a press release on Monday. Ouellette continued: "It is important that victims do not pay any money, and they should block individuals as soon as possible. Reporting these crimes can put an end to the extortion and can help us track down the individuals responsible."

The Royal Canadian Mounted Police also believe that organized crime groups abroad are responsible for the fake accounts. The police say they are working with international law enforcement partners in the investigation.

Ouellette also says that the RCMP is asking parents to talk to their children about staying safe on social media platforms, including Snapchat.

The RCMP says that victims of online extortion, or those who have information about it, should contact the local police, or Crime Stoppers at 1-800-222-TIPS (8477).