Home Ministry’s ‘Boss Scam’ alert: How fraudsters are impersonating CEOs and regulators — 5 ways to stay safe

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.