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ITNewspapersThe Economic Times

Cybercrooks use AI, launch bot-based attacks

Mathew C S
By Mathew C SJune 18, 2024

A Pune-based real estate firm was recently duped out of ₹4 crore when cybercriminals, masquerading as its chairman, tricked an accounts officer into transferring company funds into fraudulent bank accounts. At the local unit of a multinational company, the finance controller fell prey to a similar scam running into crores of rupees when the chief financial officer was on a holiday.

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