Sophos, a worldwide leader in cybersecurity, has found 167 fake Android and iOS apps that criminals have been using to rob people who still believe they have a very well, trustworthy financial trading, banking, or cryptocurrency application. A research article titled, ‘Fake Android and iOS apps disguised as trading and cryptocurrency apps,’ illustrates how criminals utilized social technology, fake web pages like a fake iOS App Slot, and an iOS app tester to deliver the fake apps to unsuspecting customers.
Fake applications were investigated and the results showed that all were very similar to each other, as stated by Sophos researchers. Many have included the "chat" option to integrate customer service. When researchers attempt to communicate by using chat with support teams, answers were almost alike. They also discovered a single server loaded with 167 counterfeit trading and cryptocurrency applications. In combination, this indicates that, according to Sophos, all fraud might be carried out by the same party.
In one of the scenarios examined, the scammers approached the customers through a dating app by creating a profile and exchanging messages with specific objectives before attempting to encourage them to download and add money and cryptocurrency to a counterfeit application. The attackers blocked access when their targets later tried to withdraw funds or close the account.
In other instances, websites built to resemble a reputable company, such as a bank, have been able to attract the targets. To persuade the users to install an app from the genuine App Store, they have even developed a fake "iOS App Store" download page with fabricated customer reviews.
When the visitors pressed upon the links to install fake apps for Andr ..
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