Got a WhatsApp message from the boss? One mistake can empty your bank account, big warning from SEBI!

Beware if a WhatsApp message comes in the name of the boss! One mistake can empty a bank account
Currently new cases of cyber fraud on WhatsApp and other digital platforms are increasing rapidly. Now cyber criminals are trying to cheat people by pretending to be their boss, CEO or any senior official of the company. If you suddenly get a WhatsApp message in the name of your boss or a senior official in the company and it demands an immediate money transfer, be careful. A small mistake can cause you a big financial loss. Indian market regulator SEBI has also advised companies and employees to be wary of such new ‘boss scams’.
Posing as boss and CEO sends fake messages
In this type of scam, cybercriminals misuse the identity of a company’s CEO, managing director or other senior official. They contact employees via WhatsApp, email, Microsoft Teams or social media and present themselves as company executives. They then demand an immediate money transfer for an urgent work, business payment or other reason. The language of the message, profile photo and name seem so reliable that many people send money without any verification. Be especially wary of messages like ‘send money now’, ‘keep this a secret’ or ‘I have to go to a meeting, transfer quickly’.
AI has made cyber scams more dangerous
Cyber ​​criminals are now also using artificial intelligence for this fraud. According to SEBI, people are being duped through deepfake videos, voice cloning and fake WhatsApp accounts. Sometimes it looks like the CEO himself is talking on a video call or giving instructions on the phone, but in fact the entire conversation may be generated by AI. In addition, scammers may also send a ZIP file or other suspicious file. Opening such file can install malware in mobile or computer and illegal use of WhatsApp Web or other accounts.
Do this one thing before transferring money
SEBI has given a clear advice that large payments should not be made solely on the basis of messages received on WhatsApp, email or social media. If a senior official suddenly demands money transfer, the instruction should be verified first by contacting him directly on his known and official phone number. Avoid opening any unknown link, ZIP file or suspicious attachment. If you suspect fraud in a message or call, immediately inform the company’s cyber security team and relevant authorities. If you are a victim of cyber fraud, file a complaint on the 1930 helpline or the National Cybercrime Portal without delay.