HDFC Bank warns against APK fraud: What is it and how it works
has issued a new warning for its customers. The bank has advised its customers to stay vigilant against APK frauds. APK or
Android
Package Kit refers to scams involving malicious or fake files which are used to install apps on Android devices outside of the official app store. Under this fraud, scamsters create a fake version of a popular app and ask users to install the app on their phone. The app often has hidden malware that can steal personal data, passwords, banking information, or install spyware. Unaware of all this, the victim installs the app and sometimes loses access to their smartphone including sensitive information like bank passwords, card details, OTPs and more.
How APK fraud works
As mentioned above, fraudsters often use fake APK files to trick people into installing harmful apps on their phones, leading to financial losses.
The scam begins with a call, message, or email from people pretending to be from banks, government offices, or well-known companies. The scammers create a sense of urgency in their messages by saying that the person needs to update their KYC, pay a traffic fine, or claim a tax refund.
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The victim is then sent a link to download an APK file, which looks like it is from a trusted source. These links often have logos of banks or government agencies to appear genuine. When the person clicks the link and installs the app, they unknowingly install malware on their phone.
Once the malware is installed, the fraudster can access everything on the victim's phone. This includes sensitive information like bank account details, OTPs, and passwords. The scammers can even take control of the device remotely.
Soon after, the fraudsters use the stolen information to make unauthorized transactions. Victims usually realize they have been cheated when they receive debit alerts from their bank.
How to stay safe from APK fraud
To protect themselves from such frauds, users are advised to
Not click on suspicious links or install app other than from official app stores.
Install antivirus or anti-malware software on your smartphone. Keep it updated.
Do not download third-party apps over a call request from an unknown person.
Verify emails and messages received online.
Users can also report fraudulent/suspicious calls, messages on the government's Chakshu portal at https://sancharsaathi.gov.in/ or via the Sanchar Saathi mobile app.
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