The government is issuing warnings to the public about fraudulent trading applications designed to steal money. One such app, 5pit Trade, is highlighted as a potential threat to financial security. This alert comes from Cyber Dost, an initiative under the Ministry of Home Affairs, Government of India, dedicated to raising awareness about cybersecurity.
Scammers create replicas of legitimate apps to deceive users, making it difficult to distinguish between genuine and fake applications. Users are tricked into downloading these fake apps, creating accounts, and providing personal information, leading to potential financial losses. Individuals who have downloaded the 5pit Trade app are urged to uninstall it immediately and remove their bank account details from the app before deletion.
A post from the official Cyber Dost X account features an image, indicating that the app may have been available on the Apple App Store. The government advises users to report any suspicious apps they encounter.
