SBI, ICICI Bank, Axis Bank, PNB, AU Small Finance Bank warn customers about banking frauds; different scams, ways to safeguard yourself
digital banking, fraudsters continuously devise new tactics to deceive them. Instances of banking-related scams have been increasing, prompting numerous banks, such as the State Bank of India (SBI), to caution their customers about these fraudulent activities. They also provide guidance on taking precautions against the growing number of emerging scams. For example, SBI recently issued a warning about a scam involving the distribution of an Android Application Package (APK) to users under the guise of redeeming SBI reward points and the precautions to take.
Let us look at some of the frauds that big banks in India have been warning customers about and how one can stay safe.
Also read: «Rs 15,000 credited to a/c XXXXX9082»: This 'bank message' could be a scam; how to identify, save money
SBI, ICICI Bank, AU Small Finance warn customers about APK fraud
What is APK, APK files to avoid fraud
Android ecosystem also allows users to install third party mobile applications and controls on Play Store and also make it possible for hackers to exploit user’s android device by making them install APK or by trojanizing a legitimate application.
SBI posted on social media X: “It is observed that fraudsters are sending APKs and messages over SMS or WhatsApp for redeeming SBI reward points. Please note that SBI will never share links or unsolicited APKs over SMS or Whatsapp. Do not click on any such links or download unknown files.”
How is APK fraud done
According to AU Small Finance Bank website, here is how it is done
1.
