Mumbai Police Arrest Two in ₹48.60 Lakh CEO Impersonation Scam
· India · The Hindu, BBC News
Mumbai Cybercrime police have arrested two individuals from Bihar and Jharkhand for defrauding an accountant of ₹48.60 lakh in a CEO impersonation scam. The suspects allegedly impersonated the company's CEO on WhatsApp between August 14 and August 16 to facilitate the fraudulent transfer. Investigations link the pair to seven other similar cases across India, including incidents in Delhi, Punjab, Haryana, West Bengal, and Tamil Nadu. The accused were remanded to police custody until August 25 by the Girgaon magistrate court. Police noted that the suspects are connected to eight other individuals arrested in July for similar scams involving ₹10.40 crore.
Why it matters
This case highlights the growing threat of CEO impersonation fraud, where cybercriminals use malware to compromise executive devices and manipulate subordinate employees into making large, unauthorized corporate transfers.
Read the original report — The Hindu
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