News:  I4C warns against WhatsApp ‘Boss Scam’ targeting corporates, finance professionals and business executives for high-value financial fraud.

ABOUT

• CEO/Boss impersonation cyber fraud using compromised WhatsApp accounts.
• Combines malware + social engineering + identity impersonation.

How it Works

• Malicious .zip file → Malware → WhatsApp Web hijacking → CEO impersonation → Fake payment request → Financial fraud

Key Features

• CEO Impersonation: Fake urgent payment instructions.
• Malware-enabled hijacking: Compromises active WhatsApp Web sessions.
• Finance-focused: Targets CFOs, finance teams, directors and CAs.
• Social Engineering: Exploits trust and urgency.
• Rapid Spread: Malware can forward malicious files to contacts.
• Cross-border networks: Linked to sophisticated cybercriminal groups.