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The Economic Times
The Economic Times
National

WhatsApp 'Boss' Scam: Employees opened a ZIP file sent by 'manager' and lost Rs 3.5 crore; here’s how this dangerous fraud is targeting company officials

A cyber fraud involving malicious zip files and impersonation tactics has left two companies poorer by nearly Rs 3.5 crore. The scam, which combined malware deployment with social engineering, allowed fraudsters to gain access to employees' mobile phones, manipulate contact lists and pose as senior company officials to authorise large fund transfers.

According to a report by TOI, the fraudsters targeted accountants at two separate firms and tricked them into transferring a combined Rs 3.48 crore to bank accounts controlled by the scammers.

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