In short
Malware is delivered to a device and is designed to steal banking or confidential information The objective is typically to steal credentials and confidential information for financial fraud.
What it is
The malicious software may appear as a legitimate file/app or arrive through another social-engineering lure. The victim is then pushed to install/open the malicious software or enter banking data on a compromised device.
How it starts
Malware is delivered to a device and is designed to steal banking or confidential information.
What they tell you
The malicious software may appear as a legitimate file/app or arrive through another social-engineering lure
What they want you to do
Install/open the malicious software or enter banking data on a compromised device
How you lose money
steal credentials and confidential information for financial fraud
What happens next
After the first successful step, the fraudster may demand more money/information, deepen account or device access, or disappear.
Warning signs
trust | deception | banking Trojan | malware | credential theft
Where this is documented
India — officially documented by an Indian authority/regulator
How to avoid it
Do not sideload unknown apps/executables/extensions or grant accessibility/screen-sharing permissions to unverified parties; update and scan the device.
If it already happened
Contact the bank/payment provider immediately if money moved; report financial cyber fraud promptly via 1930 and cybercrime.gov.in; preserve messages, transaction IDs, phone numbers and URLs. From a clean device, revoke sessions, change credentials and review account recovery/security settings.