Tuesday, 30 May 2023

There is a new kind of fraud becoming prevalent!


SMS spoofing using malware
targeting UPI apps
Dear Saurabh Kumar,

Cyber criminals are targeting UPI applications using malware.
The method followed by the fraudsters:
Cyber criminals create custom SMS forwarding apps which forward the UPI device binding message to a virtual mobile number (VMN) belonging to the victim’s bank, for registration
Fraudsters send links to malicious 'apk' files to potential victims through WhatsApp
Subsequently a UPI application registration process is initiated by the fraudster.
Remain vigilant and ensure that you do not install any suspicious/malicious application in your mobile device from untrustworthy sources. Please note that ICICI Bank never sends any SMS/WhatsApp message to its customers, asking them to call a particular mobile number or download any application.
Follow these security best practices at all times:
Update your mobile device with the latest operating system and security patches
Install applications only from official and trusted sources
(like Google Play Store and Apple App Store)
Install antivirus/security software from a trusted provider and update it regularly
Verify the permissions of the application before allowing access
Never click on suspicious links in emails or messages
Avoid downloading/installing unknown applications
Never share your confidential information like OTP, Password, PIN and card number with anyone.
To know more, call us on 1800 1080

Sincerely,
Team ICICI Bank
This is an auto-generated e-mail. Please do not reply.
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