• Rahul Roy

These Finance Apps Can Instantly Rob Your Bank Account! How Can You Avoid Being a Victim of Fraud?

Furthermore, approximately 330 crore attacks on Remote Desktop Protocols were recorded in the January-November 2020 period, with India recording 3.6 crore such cases, up from 1.8 crore counts in 2019.

Investigation of 167 Fake Apps Lead to a Queer Discovery

Cybersecurity experts from Sophos, a British security software and hardware business, uncovered 167 fraudulent apps on PlayStore and Appstore on Monday, leading to an interesting conclusion.

When the researchers looked at these apps, they discovered that they were quite similar to financial trading, banking, and blockchain-based finance apps.

Their user interface and in-app features were both excellent.

Some of these fake apps also had a "Chat Bot" feature that worked in the same way as actual finance, trading, banking, or blockchain-based finance apps.

Sophos researchers also discovered a single server containing these 167 bogus trading and blockchain-based finance apps. This means that a single group/scammer is in charge of all 167 fraudulent apps.

Sophos discovered these false apps while examining a phony mobile trading app that claimed to be affiliated with a well-known Asian trading firm, Go.

CyberAttackers Now Using Dating Apps to Trick You

With increased public awareness of cybercrime and security, phishers and hackers are always developing new sophisticated and novel methods of hacking and conducting brute force assaults.

According to Sophos' analysis, the fraudsters behind these counterfeit apps approach and reach their victims via major dating platforms.

“The fraudulent apps we uncovered resemble popular and trustworthy financial apps from around the world, but the dating site sting begins with a courteous exchange of messages to build trust before the target is prompted to install a phony app.”,” one cybercrime victim told Sophos. Such methods bolster the believability of the fraud.”

Scammers create fake dating profiles, befriend their victims, and then trick them into downloading apps and depositing money and cryptocurrency into a fake app.

If the victim tries to withdraw their money later, the fraudsters will prevent them from doing so.

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