In one instance, an accounts officer received a WhatsApp message from an unknown number, featuring the CMD's profile picture. The message requested the officer to save a new number and later instructed a fund transfer for an "urgent project." Believing the request to be genuine, the officer complied, only to discover the fraud later.
The TGCSB has advised companies to:
➡Avoid acting on financial instructions received solely via digital channels without voice confirmation.
➡Verify high-value transactions directly with reporting authorities through official phone calls.
➡Sensitize departments like Accounts, Finance, HR, and Admin about such scams.
➡Report suspicious communications promptly to 1930 or via cybercrime.gov.in.
The Bureau emphasizes the importance of robust internal controls, multi-level transaction approvals, and stringent verification protocols to combat these sophisticated scams.
Stay vigilant and safeguard your organization against cyber threats.
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