Fake CEOs swindle Rs 7 crore from Delhi firms: Modus operandi explained

Imagine your boss messages you with an urgent request to transfer money—but it’s not your boss, it’s a scammer. CEO fraud or Business Email Compromise (BEC) scams have become a global threat, with fraudsters impersonating executives to steal billions.

Recently, Delhi Police’s Intelligence Fusion and Strategic Operations (IFSO) uncovered a sophisticated scam where fraudsters impersonate top executives to dupe employees into transferring funds. Over the past two weeks, three cases have been reported in Delhi, with losses exceeding Rs 7 crore, Deputy Commissioner of Police (IFSO) Hemant Tiwari revealed on Monday.