SEBI Warns of 'Boss Scam' Targeting Top Executives
SEBI cautions companies against rising 'Boss Scam' targeting top executives through impersonation on email, WhatsApp, and other platforms
The Securities and Exchange Board of India (SEBI) has warned regulated entities and listed companies about a rising cyber fraud dubbed the 'Boss Scam', where top executives are impersonated to siphon off funds, as reported by The Indian Express. This warning comes as part of a broader effort to combat corporate cyber fraud, similar to recent US Charges Two in $43M Investment Fraud Laundering cases. SEBI's advisory highlights the need for companies to be vigilant against such scams, which can be found in business news updates. As regulators continue to crack down on fraudulent activities, companies can expect increased scrutiny, similar to SEC Enforcement Developments and FTC Targets Health Supplement Claims, 'Made in USA' Labels, with the latest updates available on cnn.com.
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