• Fraudsters impersonate a company executive via email or messaging apps.
• Employees are tricked into buying and sharing gift card details.
• Attackers use spoofed domains or hacked accounts to appear legitimate.

     Hyderabad Executive Loses ₹70,000 in Apple Gift Card Scam

• Incident: A 27-year-old senior executive in Hyderabad was deceived into purchasing Apple gift cards worth ₹70,000 by a scammer impersonating her CEO.
  
• Details:
  
  • The scammer, posing as the CEO, requested the purchase of gift cards for clients, promising reimbursement.
  • After sharing the gift card codes, the executive realized the request was fraudulent.
  • The case underscores the prevalence of CEO impersonation scams targeting employees.

Source: The Times of India