Remote-access apps used into steal money From accounttimesofindia.indiatimes.Com #Times_Of

Remote-access apps used into steal money From accounttimesofindia.indiatimes.Com #Times_Of

April 1, 2019 0 By NewsTakers

The app would generate a nine-digit code which, if shared, provided the fraudster with access to the victim’s mobile.
| TNN | Updated: Feb 19, 2019, 15:17 IST A Bengaluru-based former bank official lost Rs 1 lakh after fraudsters gained access to his phone by getting him to download an app that allows for malicious access Narayan Hegde, a retired Syndicate Bank officer, was swindled after he installed the AnyDesk app
(Representative image)MUMBAI: A new fraud has emerged where the customer is led to install a third-party app, which provides access to the bank account.
A Bengaluru-based former bank official lost Rs 1 lakh after fraudsters gained access to his phone by getting him to download an app that allows for malicious access.
Narayan Hegde, a retired Syndicate Bank officer, was swindled after he installed the AnyDesk app.
Hegde was an e-wallet user and needed help in restoring the app on his new phone.
When he contacted his bank’s branch, he was informed that the money was transferred to an Aditya Birla Payments Bank account using the Unified Payments Interface ( UPI ) platform.
The banking regulator said that fraudsters were luring victims to download the AnyDesk app from the various app stores.
According to the RBI, this modus operandi can be used to carry out transactions through any mobile banking and payment-related apps, including UPI and e-wallets.
The entire ecosystem, including banks and fintech companies, has to work collectively towards creating awareness and educating customers to refrain from sharing their account/card credentials, OTP/PIN and/or giving access to their mobile handsets to unscrupulous persons through such remote screen-access apps,” said Bharat Panchal, head of risk management at NPCI.

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