I4C warns of malware-driven ‘Boss Scam’ targeting top corporate executives

The Indian Cyber Crime Coordination Centre (I4C) has warned of a sophisticated fraud campaign dubbed “Boss Scam”, in which cybercriminals target senior corporate executives, compromise their devices and messaging accounts, and then use the access to trick employees into making fraudulent financial transfers.

According to I4C, the attackers initially contact chief executives and other senior officials through email and WhatsApp while impersonating officials from the Reserve Bank of India.