The Hindu·3 min read·medium
SEBI flags ‘Boss Scam’ that targets C-suite officials
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Ashokamithran T.
✦AI Summary
SEBI has issued an advisory warning corporate entities about the 'Boss Scam', where fraudsters impersonate senior executives to solicit fraudulent fund transfers. The regulator highlighted the use of AI-driven deepfakes and malware as common tactics used by these criminals.
Market regulator Securities and Exchange Board of India (SEBI) has cautioned regulated entities and listed firms against “Boss Scam”, wherein fraudsters impersonate as chief executives or other senior officials to trick finance teams into transferring funds
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