Weekly Update on Fake Apps: 4 Nov - 10 Nov 2024
• Fake Apps Removed This Week: 206✨
• Total Removed: 6,642
Top Brands Affected This Week: Zerodha, Interactive Brokers, Axis Securities, SMC Global Securities, Dhani, SMBC Bank, TD Bank, Bain Capital, Abacus Capital, Brown Capital Management, Coinbase, Kaizen Gaming, 1xBet, Pocket Option, OKX
Major Fake Apps Removed: YES Securities, Axis Securities, Bajaj Broking, Zerodha, Groww, Dhan, Motilal Oswal, DBS Bank, AU Small Finance Bank, L&T Finance, JP Morgan, Coinbase, Causeway Capital Management, UBS, Curve Finance, 1xBet
Country Wise Fake Apps Removed from App Store:
• India: 88
• USA: 23
• Vietnam: 20
• Indonesia: 20
• Philippines: 14
• Brazil: 11
• Thailand: 8
• Mexico: 6
• Chile: 4
• Nigeria: 1
• France: 1
• Portugal: 1
Customer Impact and Highlights:
• Over 100 Fake Trading Apps have been removed this week.
• 30 apps which were removed from the App Store this week, were trending in Top 10 Apps.
• Fake Loan Apps active on Google Play have collectively amassed over 2.5 million downloads and growing.
• Situation on Google Play is deteriorating, there are too many to flag and report.
• Another Fake App of Defi platform Curve Finance appeared, and was taken down after it was highlighted by Cointelegraph.
• Stay alert for fake WhatsApp groups posing as well-known financial brands, shared via SMS and social media. Report them to help protect others.
• Such SMS were sent from CDSL official channel this week, which was reported and fixed timely.
Access the Fake Loan Apps Dashboard through the link in my profile 🔗
Join the AppStore Avengers WhatsApp Community to participate in the fight against scammers and help protect users from fake apps. Let’s make a difference together! DM if interested.
Follow the "Never Trust, Always Verify" approach to protect yourself from potential fraud and scams.
Searched “instant loan” in App Store.
7 out of 8 Top Organic Results including the Ad are #FakeLoanApps 🚨
One of these is #2 Finance App in 🇮🇳
Pinch yourself 🤏