Fraudulent email

A few top officials of Tata Group were in for a surprise when an email, purportedly from Chairman Cyrus Mistry, asked them to deposit $4,500 into an account this week because “the new project” should not get stopped due to a financial crunch. An investigation by one alert official found that the email was a hoax and the Group informed the police. This is not the first time that fraudulent emails misusing the names of top officials of a corporate group have been circulated to try and extract money — one reason why the cyber crime cell of the police advocate the carrying out of financial transactions, including ATM and internet banking, after a second level of security with a one-time password as SMS on mobile phones.