New 'boss' scam to dupe corporate employees busted
Ahmedabad Cyber Crime police have dismantled an international 'boss scam' network that defrauded a businessman of Rs 1.5 crore. The investigation revealed a sophisticated operation involving actors in China, Pakistan, India, and Hong Kong using a 'Cybercrime as a Service' model.
Why it matters
The case highlights the increasing sophistication of corporate impersonation fraud and the global nature of organized cybercrime networks.
Ahmedabad Cyber Crime has exposed a sophisticated Rs 1.5 crore WhatsApp fraud, leading to arrests and revealing an international cybercrime network spanning China, Pakistan, India, and Hong Kong, highlighting the growing threat of Cybercrime as a Service.Illustration: Dominic Xavier/RediffKey PointsAhmedabad Cyber Crime uncovered a Rs 1.5 crore WhatsApp fraud, exposing an international cybercrime network.Two key SIM and OTP suppliers were arrested in West Bengal for facilitating the boss scam and other cyber frauds.The boss scam involves impersonating senior executives or regulatory bodies like RBI to trick employees into transferring large sums.The investigation revealed a sophisticated network spanning China, Pakistan, India, and Hong Kong, operating on a Cybercrime as a Service model.Police recovered Rs 1.13 crore of the defrauded amount and secured over 10,000 devices, advising caution against suspicious files.A Rs 1.5-crore WhatsApp fraud has blown the lid off a cybercrime network spanning China, Pakistan, India and Hong Kong, with Ahmedabad…
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