Press Information Bureau (PIB) has alerted State Bank of India’s customers regarding a prevalent online scam. The Fact-Check Unit of the PIB through a social media post has shared the modus operandi the cybercriminals are using to deceive SBI customers.
These fraudsters are targeting the bank’s customers by sending a message asking them to download an app called ‘SBI Rewards.’
In a post on social media platform ‘X’, the PIB Fact Check Unit alerted customers, “Did you also receive a message asking you to download & install an APK file to redeem SBI rewards. Never download unknown files or click on such links.”
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The deceptive message shared by the PIB’s Fact-Checking Unit appears as “Dear Valued Customers, Your SBI NetBanking reward points (Rs 9980) will expire today! Now Redeem through SBI Reward App Install & claim your reward by cash deposit in your account. Thankyou
Download file will look like ”SBI REWARD27..APK”
How does APK File scam happen?
An APK file scam is a type of malware scam that involves sending a fake APK file to trick a user into downloading a malicious app. The app can then steal the user’s personal data, such as banking information, contact information, and SMS content, according to RBL bank.
“Think of it as the Android equivalent of an executable file (.exe) on Windows. These files contain all the elements an app needs to install on your device. Typically, users can download APK files from the Google Play Store, the official and most trusted source. However, APK files can also be obtained from third-party sources, which are not guaranteed to be safe. While third-party app stores can offer legitimate apps, they also pose significant security risks,” according to the bank’s website.
Also read: New Banking Frauds: PNB customers alert! Fraudsters targeting you via APK files | What they are and how to protect
According to the AU Small Finance Bank website,
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