After the Chinese loan apps scam, the latest scam from actors in China and other Asian countries is phishing websites. Fraudsters are creating hundreds of websites and trading apps that look similar to the websites of Indian brokers.

Unwitting users who click on the app download links, etc., will be prompted to download the fake app. The goal is to get people to transfer money by taking advantage of their familiarity with these apps.

This is just another one of the hundreds of international scams that have exploded in the last few years. In this case, a few tips Nithin shared earlier to protect yourself from scams also apply. Read more.