In today’s digitally driven world, where technology facilitates seamless communication and transactions, the prevalence of phishing attacks has become a significant concern. In 2022, 28 Bn Mobile apps have been downloaded in India and globally around 255 Bn. The rise of mobile app usage has led to an increased risk of mobile app frauds.
Phishing frauds aims to exploit human psychology and trick victims into divulging sensitive information such as usernames, passwords, and other sensitive financial details. Thus Mobile App Security is a critical need of the hour.
What is phishing attack?
Fraudster shares communication that appears to come from a legitimate and reputable source such as banks, insurance companies etc. via email and text messages. Fraudsters always aim to steal money, gain access to sensitive data and login information, or to install malware on the victim's device.
Modus Operandi of Fraudsters
Fraudsters send thousands of fraudulent emails or SMSs containing a phishing link and trick individuals. People unknowingly fall for this type of fraud through which fraudsters get significant information to commit financial fraud. Fraudsters usually show an urge for action by creating a sense of urgency.
- To lure users to access the link via SMS or email, fraudsters will trick them with exciting offers, such as the user winning a reward from a known ABC bank, and they can redeem it within some given time; otherwise, the link will expire.
- As the message appears to be coming from a legitimate source some users click on the link without authenticating its genuineness.
- Individuals are asked to click on links to get rewards or earn discounts, filling in their personal details such as name, date of birth, address , login credential, and other bank details, AADHAR card details etc.
- Clicking on phishing link sometimes prompts to download malicious app or installs malware on the device.
- Asks for enabling several permissions and user unknowingly allows for the same.
Stay Alert, Stay Safe:
- Before clicking on any link received through email or messages, carefully examine the shared URL.
- Don’t react too quickly to messages or emails which show urgency.
- Don’t react too quickly to messages or emails which show urgency.
- Don’t believe all the offers that you receive online. Sometimes, these offers appear too good to be true, but it could be a trap.
- Look for poor grammar and unprofessional language.
- Do not click on unknown links from untrusted sources, including ads, SMS messages, and emails.
- Always install mobile apps from trusted sources and official stores, like the Google Play Store and Apple App Store.
To know more and have a detailed demo, please get in touch with us on sales@protectt.ai
Protectt.ai is ‘A Leader in Mobile App Security in India.’ Built India’s first SaaS-based, Innovative Mobile App Security platform with Runtime Application Self Protection capabilities. Protectt.ai is delivering the next generation Mobile App, Device & Transaction Security Platform with 50+ Mobile App Security features driven by Deep Tech.