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Kaspersky Urges Users to Stay Alert amid Wave of Fake Investment Mobile Apps

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Business Honor: Beware Fake Investment Apps Alert!

Business Honor
20 November, 2025

Kaspersky experts urge users to remain vigilant against investment offers received via email, social media, and messaging apps.

Kaspersky has informed users across the Middle East about an influx of illegitimate investment applications that are taking advantage of the popularity of online trading and business investment services. Since the beginning of 2024, many of these applications have been adopted as part of Arabic-language content and local branding to appear credible, complicating discerning genuine applications from fake ones. Kaspersky solutions have blocked over 100,000 phishing frauds posing as investment platforms across users in the UAE, Saudi Arabia, Qatar, and Egypt. Successful attacks can provide cybercriminals with credit card information and sensitive personal information, all of which exposes personal information to security exploitation.

George Naddaf, Managing Director, eToro MENA, commented: “Online investing has unlocked incredible opportunities for people to grow their wealth and take greater control of their financial futures. However, as the investment landscape expands, unfortunately, so does the number of fraudsters exploiting customers’ trust. Before transferring funds or sharing personal information, we urge investors to always verify that any platform they use is properly licensed and regulated, that representatives are contacting them through secure and appropriate channels, and remain skeptical of unrealistic returns. A few minutes of due diligence can protect years of hard-earned savings.”

“Online scams have become increasingly sophisticated as cybercriminals invest significant effort into making them look authentic,” commented Olga Altukhova, Senior Web Content Analyst at Kaspersky. “They rely on trust as their way in, using every tool available, whether it’s advanced technologies like Artificial Intelligence or professional designs that mirror real investment sites. This growing sophistication makes it increasingly difficult to tell fake from real. The key takeaway is to pay attention to basic details such as the website domain, spelling errors, payment methods and signs of secure encryption before sharing any data or investing money,” Altukhova stated.