The FBI recently issued a warning to consumers about the dangers of downloading apps labelled as being in beta test mode. These apps are often used in scams that are designed to steal cryptocurrency and other assets from unsuspecting victims.
According to a Public Service Announcement (PSA) released by the Feds, these malicious apps are typically used in crypto investment scams. Victims are often directed to download these apps through other scams, with the promise of large financial payouts as incentives. The FBI warned that these apps can enable the theft of personally identifiable information, financial account access, or even take over the victim’s device.
One of the reasons these scams are successful is because mobile OS security checks are limited when it comes to beta apps. This means that the malicious code within these apps often goes undetected. The FBI highlighted some red flags to look out for when downloading apps, such as a faster draining battery, slow processing speed, persistent pop-ups, and requests for permissions that don’t match the described functionality.
Other signs that an app may be malicious include spelling and grammatical errors, vague descriptions in the app store, and a high number of downloads with few reviews. If a victim falls for one of these fraudulent apps, they may end up losing money through fake investments.
To protect themselves, mobile users are advised to keep their devices updated, restrict app permissions, and uninstall any apps they don’t use. They should also be cautious of phishing emails, even if they appear to be from friends or legitimate contacts. The FBI also emphasized the importance of not sending payment to someone you have only spoken to online, as this could be a scam.
In conclusion, it is crucial for consumers to be vigilant when downloading apps, especially those labelled as beta test versions. By staying informed and following the FBI’s recommendations, individuals can better protect themselves from falling victim to these types of scams.