Home Music Industry Phishers tempt the public with instant loan deals – The New Indian Express

Phishers tempt the public with instant loan deals – The New Indian Express

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Express press service

KOCHI: After the fake loan apps, the cyber fraudsters moved on to phishing by circulating text messages in the name of a cooperative bank based in Wayanad promising instant loans. Experts say the links, sent to thousands of people, are connected to a Chinese server.

More than 2 lakh people in Kerala and other states have received the SMS offering an instant loan of ‘28,000 by the Mananthavady Farmers’ Service Cooperative Bank (MFSCB). The message indicates that the loan can be used by clicking on the link given in the SMS.

Nandakishore Harikumar, CEO of Technisanct, a Kochi-based cybersecurity startup, said it was a China-linked phishing attack. “By clicking on the link, people are compromising the privacy and security of their computer system and mobile phone. We learned that this is related to a Chinese server hosted in India. To make it sound authentic, they used the name of a co-operative bank based in Wayanad, he said.

The Managing Director of Mananthavady Farmers’ Service Cooperative Bank, Mr. Manoj Kumar, said the bank had not undertaken any such lending campaign. “It is a fake. However, we will approach the police against the scam using the name of the bank,” he said.

Nandakishore said the phishing attack is a new pattern that has emerged since Google started removing fake lending apps directly from its store. According to him, the links circulating now are connected to fake lending apps that were available on the Google Play Store. “These groups are now sending links to malicious apps directly to people. As this comes straight, there is a huge possibility that people will install the apps on their devices. We have to be careful not to click on any link that comes into our inbox offering financial benefit,” he said.

An officer from Cyberdome – part of the Kerala Police’s cybersecurity wing – said the scammers were circulating fake links on behalf of banks. “People should be wary of such frauds. The number of cases against fake loan applications has increased over the past few years. Loans must be obtained from banks as per RBI guidelines,” the officer said.

KOCHI: After the fake loan apps, the cyber fraudsters moved on to phishing by circulating text messages in the name of a cooperative bank based in Wayanad promising instant loans. Experts say the links, sent to thousands of people, are connected to a Chinese server. More than 2 lakh people in Kerala and other states have received the SMS offering an instant loan of ‘28,000 by the Mananthavady Farmers’ Service Cooperative Bank (MFSCB). The message indicates that the loan can be used by clicking on the link given in the SMS. Nandakishore Harikumar, CEO of Technisanct, a Kochi-based cybersecurity startup, said it was a China-linked phishing attack. “By clicking on the link, people are compromising the privacy and security of their computer system and mobile phone. We learned that this is related to a Chinese server hosted in India. To make it sound authentic, they used the name of a co-operative bank based in Wayanad, he said. The Managing Director of Mananthavady Farmers’ Service Cooperative Bank, Mr. Manoj Kumar, said the bank had not undertaken any such lending campaign. “It is a fake. However, we will approach the police against the scam using the name of the bank,” he said. Nandakishore said the phishing attack is a new pattern that has emerged since that Google has started removing fake lending apps directly from its store. According to him, the links that are now circulating are connected to fake lending apps that were available on the Google Play Store. “These groups are now sending the links of malicious apps directly to people. As this comes directly, there is a huge possibility that people will install the apps on their devices. We should be careful not to click on any link that arrives in our inbox offering financial benefit,” said ” he said. An officer from Cyberdome – part of the cybersecurity wing of the Kerala Police – said the scammers were circulating fake links on behalf of banks.” People should be careful of such frauds. The number of cases against fake loan applications has increased over the past few years. Loans must be obtained from banks as per RBI guidelines,” the officer said.