New Delhi, June 23 -- Cybercriminals and fraudsters are constantly refining their tricks and tactics. The Ministry of Home Affairs flags these latest threats with the alarming rise of the 'Boss Scam'. This type of scam exploits victims' trust in regulatory authorities by impersonating senior executives or trusted regulators.

The victims are tricked into downloading malware and authorising fraudulent transactions. With the rapid development of technology, businesses today increasingly rely on digital communication, underscoring the importance of awareness as the first line of defence.

Let us discuss the scam in detail and basic tips to stay safe from such scams.

The 'Boss Scam' is a sophisticated form of cyber fraud or financial scam in...