SEBI flags ‘Boss Scam’ that targets C-suite officials
The Securities and Exchange Board of India (SEBI) has issued a warning to regulated entities about a 'Boss Scam' targeting C-suite officials, where fraudsters impersonate executives to deceive finance teams into transferring funds. This advisory follows an alert from the Indian Cyber Crime Coordination Centre, highlighting the increasing sophistication of cyber fraud. SEBI's caution aims to protect firms from potential financial losses due to these scams.