Hackers using fake trading apps to lure victims in 'pig butchering' scam

Quick Summary:

Group-IB researchers uncovered that the ‘UniShadowTrade’ apps were developed using the UniApp framework and first appeared in May.

The app targeted iOS users under the name ‘SBI-INT,’ while Android users were tricked by apps named ‘Finans Insights’ and ‘Finans Trader6’.

The scammers relied heavily on social engineering tactics, often establishing trust with victims through dating apps.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaCambodiaChinaMyanmar

Topics: Google Play Store Phishing websites Group-IB report Dating app scams Southeast Asia scams Cybersecurity Fraudulent investment schemes Cryptocurrency fraud Human trafficking Scam tactics UniShadowTrade malware Hackers Pig butchering scam Personal data theft Financial news aggregators Apple App Store Fake trading apps Social engineering Scam origins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 13:29:34 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22893774

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 202 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions