Scammers are taking advantage of the ongoing Income Tax Return completion process in India to target bank account holders through fake text messages that appear to be from popular Indian banks.
These fraudulent messages claim that the recipient's bank account will be blocked and ask them to update their PAN and AADHAR card information on their accounts.
The messages also include a link to download an Android Package (APK) file, which, if installed, looks like the real bank application and tricks users into entering their banking details in the fake app.