Fraud ring using fake ‘Nepse AI’ app draining bank accounts

Key Points

• The Central Investigation Bureau (CIB) of Nepal Police has alerted the public about a scam involving a fake 'Nepse AI' app.
• The fraudulent app promises stock market profits but actually seizes control of users' phones to steal banking credentials.
• Victims' bank accounts are drained rapidly after the app is installed and remote access is granted to hackers.
• The CIB advises downloading apps only from official platforms and recommended safety measures like two-factor authentication.