Some media outlets in India carried a PTI report that cited another report by the security firm SophosLabs. They stated that some fake apps of banks like SBI, ICICI, Axis Bank, Yes Bank, CitiBank and others have stolen data of thousands of bank customers. While this is true, it is not as immediate of a threat it has been portrayed to be, as SophosLabs mentioned that there have been “inaccuracies in the coverage of this research” and "the intent of this research was not to alert to a current threat, but explain the rise and methodology used by the cybercriminals behind such phishing and brand abuse threats. "
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