Beware of bot boss: Sebi warns companies of AI-powered impersonation scam

Cyber fraudsters are increasingly exploiting artificial intelligence to impersonate top executives, making a simple WhatsApp message or video call appear authentic enough to trigger large fund transfers.

Alarmed by the growing threat, Sebi on Friday cautioned listed companies and regulated entities against the emerging “Boss Scam”, urging them to strengthen verification protocols before acting on instructions received through digital platforms.