Now Reading: Mumbai boss scam dupes employee of Rs 1.98 crore
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Mumbai boss scam dupes employee of Rs 1.98 crore
A fresh 'boss scam' has hit Mumbai, where cyber fraudsters impersonated a company director to trick an employee into transferring Rs 1.98 crore. The fraud took place on August 6, 2026, using…
The Story in Brief
A fresh 'boss scam' has hit Mumbai, where cyber fraudsters impersonated a company director to trick an employee into transferring Rs 1.98 crore. The fraud took place on August 6, 2026, using the director's name and photo to gain the employee's trust.
After the complaint was filed, police managed to freeze approximately 92 per cent of the stolen amount. Authorities are investigating the case and warn that such impersonation scams are on the rise, targeting corporate employees across the country.
The Indian Opinion
This scam again highlights the gap between technology and common sense. While fraudsters evolve, too many companies still rely on email or WhatsApp for financial approvals. Instead of blaming employees, firms must enforce multi-step verification for large transfers. The real test is whether this case pushes regulators to mandate secure protocols, or if it becomes just another statistic.
Source: indiatvnews.com
This story was synthesised by AI from the source linked above.
