Risk from Mobile Applications

As communication channels are opening up and smart phones are gaining popularity, hackers are taking advantage of people forwarding messages without validating the details. In one such instance information about a mobile app from RBI started to make the rounds only to discover that it was a fake app. Please read RBI’s press release below:- “It has come to the notice of the Reserve Bank of India that an app (application) is doing rounds on What’s App purportedly to facilitate checking of balance in customers’ bank accounts. The application has…

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