The Press Information Bureau (PIB) recently issued a warning about a fake ‘SBI Rewards’ app, targeting customers with phishing scams. Cybercriminals use this scam to deceive State Bank of India (SBI) customers, posing a severe threat to data security. This article explains how the scam operates, the risks involved, and effective ways to stay protected.
Understanding the Scam
The scam message falsely claims that SBI is offering rewards to users through an app link shared via SMS or WhatsApp. Recipients are encouraged to redeem ‘expiring’ rewards by downloading the app, which is, in fact, a malicious software designed to steal sensitive information.
How Cybercriminals Target Users
Scammers often create urgency by warning recipients of “expiring reward points,” pushing them to act immediately. Such messages are crafted to look genuine, mimicking SBI’s language and formatting. Once the app is downloaded, it can access the user’s data, such as banking credentials, potentially leading to financial losses.
PIB’s Fact-Checking and Awareness Campaign
PIB has been actively promoting cybersecurity awareness through its fact-checking initiative. They emphasize that SBI never sends links or APK files for rewards via text or social media, warning users to ignore such messages and avoid downloading unknown apps.
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Protective Measures
Here are some essential tips to prevent falling victim to similar scams:
- Avoid Clicking on Suspicious Links: Always verify the authenticity of messages claiming rewards or special offers.
- Download Apps from Trusted Sources: Only use official app stores like Google Play or the Apple App Store.
- Be Aware of Urgency Tactics: Scammers often create urgency to push victims into quick action.
- Stay Updated on Fraud Trends: Following credible sources like PIB can help you stay informed on the latest scams.
