‘Pig butchering’ trading apps found on Google Play, App Store

October 3, 2024 at 03:37PM Fake trading apps on Google Play and Apple’s App Store, known as “UniShadowTrade” malware, have been removed after attracting thousands of downloads. These apps perpetrate “pig butchering” scams, enticing victims with fake investment returns. Once funds are deposited, fraudsters prevent withdrawals, eventually absconding with the money. The threat has now … Read more

Fake Trading Apps Target Victims Globally via Apple App Store and Google Play

October 2, 2024 at 01:27PM Group-IB reported on a large-scale fraud campaign involving fake trading apps on Apple App Store and Google Play Store, using phishing sites to deceive victims. Operating globally, the campaign leverages social engineering, targeting victims for investment fraud. The cybercriminals utilized a fake app to deceive victims into making investments, subsequently … Read more