India, Nov. 18 -- Quick Heal Technologies Limited, a global cybersecurity company, has reported new findings on the rapid rise of fake app fraud targeting mobile users across India. Researchers at Seqrite Labs, the company's malware analysis centre, warn that cybercriminals are increasingly distributing malicious applications disguised as legitimate services to steal personal information, drain bank accounts and compromise devices. These apps, often shared as APK files through phishing links circulated on WhatsApp, SMS or social media, imitate well-known brands to evade scrutiny while concealing spyware, adware or fraudulent billing mechanisms capable of causing significant financial harm.

The scale of the problem is reflected in wider i...