Fake Apps Of SBI, ICICI, Axis, Citi Bank May Have Stolen Data Of 160,000 Customers

Fake Apps Of SBI, ICICI, Axis, Citi Bank May Have Stolen Data Of 160,000 Customers

October 25, 2018 0 By NewsTakers

Fake banking apps are stealing your dataFraudsters have now resorted to fake banking apps, to steal data from gullible users.
And they are doing this with some fair amount of success as well.
As per a recent report by IT Security firm, as many as 160,000 users may have been impacted by this new fraud.
As per the latest report by SophosLabs, tons of fake banking apps have emerged in recent time, which are fooling bank users, and stealing their data.
One of the fake app even offered free cash withdrawal service: Order cash withdrawal from the app, and they will deliver the cash right into your home.
SophosLabs said , “It probably did deliver cash to someone, but the recipient probably wasn’t the victim.”
Some of these apps are also using images of popular actors (Amitabh Bachchan) and politicians (PM Modi) to incite trust.
SophosLabs found that most of the apps are sending data to a common command center, which signifies the role of an organized gang of hackers.
Citi Bank has said that their bank was not impacted due to these fake apps.
We will keep you updated, as more details come in.

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