What is a ‘boss scam’? 5 ways to protect yourself from CEO fraud

A Chennai firm lost ₹1.90 crore after an employee received a WhatsApp message supposedly from the managing director, instructing a money transfer. This incident highlights the growing threat of 'boss scams' or CEO impersonation fraud, where hackers target companies by mimicking high-ranking officials. Here are five steps to verify payment requests and report cyber fraud.