While the advancement of technology has made our lives more convenient, it has also given rise to a new type of threat – cyber threats. Threat actors are using the latest techniques such as QR codes and artificial intelligence (AI) to commit fraud. ICICI Bank has issued an advisory urging citizens to be wary of scams involving malicious files and links that could drain their bank accounts and hit them financially.

Also read: Hundreds of Indians lost money due to this scam

What is a scam?

According to the advisory, a new type of scam is emerging that sends malicious APK links to citizens urging them to download them. Once installed and registered, the APK starts sending all messages received on the victim’s phone, including OTPs.

The bank said: “Be vigilant and ensure that you do not install any suspicious/malicious applications in your mobile phone from untrusted sources. ICICI Bank will never send any SMS/WhatsApp message to customers asking them to call a specific mobile number or Download any app.”

Also read: Learn how to protect yourself against elimination attacks

If citizens receive such a message, we urge them to report it immediately to the National Cyber ​​Crime Portal. The bank also released a list of best security practices that citizens can follow to avoid similar scams.

How to protect against scams

1. Update your phone with the latest updates and install the latest security patches.

2. Only install apps from reliable sources such as Google Play Store and App Store.

3. Install antivirus software from a trusted provider and keep it updated.

4. Be aware of permissions before allowing access to any application.

5. Do not click on suspicious links you receive in emails or text messages.

Also read: Apple iPhone Scam – Celebrities Unintentionally Promote $35 Million Scam

6. Do not share confidential information like OTP, PIN or card details with anyone, especially over the phone or over the internet.

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