India’s central bank tells digital wallets to avoid this app linked to compromising confidential user data
- India’s central bank, the Reserve Bank of India (RBI), has issued a notice alerting online payment systems to be careful of an app called ‘AnyDesk’.
- The app can allegedly access confidential user data to conduct fraudulent financial transactions through apps on the Unified Payments Interface (UPI).
- 129 banks currently used UPI in India overseeing transactions amounting to ₹1 trillion.
In its most recent notice India’s central bank, the Reserve Bank of India (RBI), has warned banks and payment system operators to be vary of an app called ‘AnyDesk’ that’s being used by fraudsters to gain access to confidential user data.
“An app code (nine-digit number) would be generated and once the fraudster inserts this code, he would ask the victim to grant permission. Post this, the fraudster will get full access to the victim’s device.”
India’s lax cybersecurity
Earlier this year, on January 10, the RBI issued a notice alerting developers of payments apps in India to introduce more stringent controls.
Indian banks aren’t safe from the onslaught either. Cosmos bank, a Pune-based Indian bank, was robbed of ₹940 million because hackers were able to clone Visa and RuPay debit cards last year. The bank assured customers that the core banking system was safe and it was only the payments gateway that was hacked.
Appknox, for example, is a startup that specialises in mobile app security and has identified several critical vulnerabilities in UPI mobile apps.
It’s critical to raise awareness about online digital security especially since India currently has 129 banks on UPI will over 650 million transactions amounting to ₹1 trillion as of January.
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