SEBI Boss Scam Alert: Is Your Job or Money at Risk?

SEBI has warned companies and investors about a 'Boss Scam' where fraudsters impersonate senior executives or regulators to trick employees and individuals into transferring money or sharing sensitive financial details. If you fall for it, recovery is nearly impossible.

Here's what happened: SEBI issued an official caution about the 'Boss Scam' — where fraudsters pose as CEOs, CFOs, or SEBI officials to demand urgent fund transfers or data.. Scammers use WhatsApp, email, or SMS with fake logos and spoofed numbers to make messages look 100% genuine and create panic-driven urgency.. Both salaried employees at listed companies AND individual investors are targets — the goal is either stealing money directly or extracting login credentials..

What you should do: Verify immediately: if you get any message demanding a money transfer or OTP from a 'senior boss' or 'SEBI officer', call that person directly on their official number before acting.. Never share your Demat account login, UPI PIN, or bank OTP over WhatsApp, email, or SMS — SEBI and RBI never ask for these details.. Report suspected Boss Scam attempts to SEBI's SCORES portal (scores.sebi.gov.in) or call 1800 266 7575 — early reporting can help others avoid the same trap..

Scammers often strike on Friday evenings or before holidays when you're rushed and can't easily verify — always slow down when urgency is artificially created.