SEBI issues alert regarding 'boss scam' targeting Indian employees
The Securities and Exchange Board of India (SEBI) has released a warning about a rising cyber fraud known as the "boss scam." In this scheme, fraudsters pose as CEOs, managing directors, or other high-ranking executives using platforms like WhatsApp, email, Microsoft Teams, and various social media channels. These scammers pressure staff with urgent requests, directing them to move money into bank accounts that they manage.