SEBI Warns About New ‘Boss Scam’ That Tricks Employees Into Sending Money

The Securities and Exchange Board of India (SEBI) has warned people about a growing cyber fraud called the “Boss Scam.” In this scam, cybercriminals pretend to be company CEOs, managers, or senior executives by using email, WhatsApp, Microsoft Teams, or other messaging platforms. They create a sense of urgency and ask employees to transfer money or share sensitive company information without following the usual approval process. In some cases, scammers also send harmful files or fake links that can steal personal or business data. SEBI advises employees to always verify unexpected requests through a phone call or another trusted method before taking any action. Staying alert and confirming instructions can help prevent financial loss and protect company information.