All posts tagged: fake trading apps

Trading, Not Digital Arrest, Is New Modus Operandi Of Cybercriminals, Reveals MHA Data | India News

Trading, Not Digital Arrest, Is New Modus Operandi Of Cybercriminals, Reveals MHA Data | India News

Last Updated:March 03, 2026, 16:30 IST Maharashtra, UP, and Rajasthan have emerged as the “illicit money parking hub”, data from the Indian Cyber Crime Coordination Centre reveals Later, the student’s bank account was frozen to prevent further misuse. (Representative image) Rows and rows of terminals with uniformed and plainclothes men and women peering into their computers. Huge screens with numbers, graphs, and charts changing by the second. A siren that goes off and holds everyone’s attention. In the season of conflicts, this space could have been mistaken for a war room. Multi-agency officials are waging a war here, but an unconventional one—the war against cybercriminals. The Cyber Fraud Mitigation Center (CFMC), a unique initiative by the Ministry of Home Affair (MHA)’s I4C (Indian Cyber Crime Coordination Centre) wing, has brought all stakeholders in the fight against cybercriminals under one roof. Policemen from 16 states and Union Territories were seen seated together, tracking down complaints made by victims, and initiating action. Other states and UTs are expected on board soon, I4C’s director Nishant Kumar told CNN-News18. …

Google Play Store and Apple App Store hit by fraudulent trading apps in ‘pig butchering’ scheme | Technology News

Every year, a lot of fake apps find their way on both Google Play Store and Apple App Store, and the latest ones to join the frenzy are fraudulent trading apps that lure victims into “pig butchering” scams. In case you are wondering, pig butchering is a type of scam that makes investors believe they are getting high returns on their investments by making up numbers. Scammers often use social engineering techniques to prevent the user from withdrawing their pseudo profit and encourage users to keep on investing more and more money. According to a recent report by BleepingComputer citing cybersecurity firm Group-IB, these fake trading apps, which belong to the “UniShadowTrade” family of malware, were first spotted earlier this year in May and are built using the UniApp framework. These fradulent trading apps have also found their way to Apple’s App Store. (Image Source: Source-IB) Some of the most popular apps that lured unsuspecting users include SBI-INT (iOS), Finans Insights (Android), and Finans Trader6 (Android). The cybersecurity group also said that these fake trading …