The 'Boss Scam': I4C warns of cyber fraud targeting CEOs, firms

Cybercriminals are employing a new 'Boss Scam' to defraud companies. Impersonating regulators, they send malicious files via email or WhatsApp to executives, claiming urgent compliance needs. Once opened on Windows devices, the malware hijacks WhatsApp sessions, allowing fraudsters to trick employees into making fraudulent financial transfers. Companies are urged to verify urgent financial requests through multiple channels, not just text or email.

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