WhatsApp, Paytm hunting ground for cyber criminals

Smartphone apps that are designed to improve the productivity and efficiency of users are believed to be the prime target for cybercriminals now. Chief among them are WhatsApp and Paytm.

According to a report published by DNA, the Cyber Crime Police Station (CCPS) at Bandra-Kurla Complex (BKC) has been registering endless cases of fraud wherein the accounts of WhatsApp and Paytm users are being hacked. The hackers would apparently reach out to the contact list of the victim and ask them to transfer funds to their Paytm account to meet their urgent needs.

In CNBC’s report which suggested that Cyber criminals have managed to gain extensive access to the data exchanged on the social messaging apps, chief among them are WhatsApp and Paytm

cloud-connected apps are presently at a security risk especially given how an increasing number of businesses are taking to these apps to conduct their activities. Cybercriminals have managed to gain extensive access to the data exchanged on these apps. In Cisco’s annual global cyber security report highlighted the problem caused by apps being used by employees to improve their productivity in the workplace. Of these apps, 27 per cent were classified as high risk. Most cases go unreported because the scam isn’t big enough, the report read.