SEBI has issued a warning to listed companies and other regulated entities about a growing cyber fraud known as the boss scam.
Fraudsters pose as senior executives to trick finance teams into making unauthorized fund transfers.
The scheme uses email, WhatsApp and advanced AI tools including voice cloning to carry out the deception.
SEBI advised all entities under its oversight to stay alert and strengthen internal controls against such impersonation attempts.
India's market regulator Sebi has barred seven individuals from the securities market. The action follows allegations that they generated Rs 58 crore in wrongful gains through social media stock tips.
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India's market regulator has sent a show cause notice to six Capital Group foreign portfolio investors over alleged breaches of trade confidentiality. The action follows claims that sensitive order details were shared improperly, enabling front-running activities.
The Securities and Exchange Board of India has fined Central Depository Services (India) Ltd Rs 1 crore for cybersecurity and operational failures. The penalty follows a malware attack that disrupted the depository's systems.
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A Hong Kong woman lost more than HK$1 million after being lured into a fraudulent cryptocurrency scheme through a fake artificial intelligence-powered trading app. Police recorded over 70 similar investment scams in the past week, with total losses exceeding HK$50 million.