Thiruvananthapuram, June 29 -- The Kerala Police has issued a public advisory warning organisations, businesses and corporate institutions to remain on high alert against a sophisticated cyber fraud known as the "Boss Scam" or CEO Impersonation Fraud.
The emerging scam specifically targets senior executives and finance department employees, using fake identities and malware to deceive organisations into transferring large sums of money.
According to the Kerala Police advisory, cybercriminals begin the attack by sending fake urgent messages in the name of the Reserve Bank of India (RBI) or purported official audit teams, creating panic among employees.
Victims are then persuaded to open malicious ZIP files containing malware, allowing the...