Fake banking app: Along with increasing use of digital banking in India, the risk of fake banking apps has also increased rapidly. Recently, a similar incident occurred with a person from Kerala in which he updated the banking app according to a message on mobile and on seeing this, he disappeared from his provident fund account. This message looked absolutely real and the person was confident that it was from their bank. As soon as he put up login details as soon as he downloaded the app, the entire money was cleared through two transactions.
How do these fake apps work?
According to cybercrime experts, this app was completely fake and a screen sharing tool was already hidden in it. With the help of this tool, scammers can see every activity of the user live as soon as the victim put the details, the fraudster got the full access of the account. In the beginning, such apps look exactly like real apps, people, names and interfaces are similar to real apps. These apps are sometimes uploaded on Google Play Store or Third Party websites.
How is cheating?
Scams send fake links to the user through SMS, email or social media. These links take the user to a real bank website -looking site where the user records his information. Many times such apps are also sent through APK file which the user downloads from outside the Play Store. Once installed, these apps can read SMS, steal OTP and capture login details. Through screen sharing tool, they can also take control of the entire phone from a distance.
How to avoid fake banking app?
- Always download the banking app from your bank’s official website or Play Store/App Store.
- Apply details of the app, developer name, user review and download number carefully check.
- If an app is seeking permission for your contact list, photos or screen access then be alert.
- Do activate two-factor authentication (2fa).
- Do not click on the message from unknown number or link, especially those who claim any reward or emergency update.
- If you see the name of spelling mistake or suspected developer in the app or website, ignore it.
- Never install APK files received from social media or advertisements.
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(Tagstotranslate) Cyber fraud
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