Digital payments have gained popularity among consumers but have also brought in the threat of cyber criminals placing fake e-wallet apps to dupe Attack.Phishing users . According to cyber security solution firm Kaspersky , no such incident Attack.Phishing has been reported yet but the probability of cyber criminals adding fake apps on app stores remains high . “ Digital payment companies ensure that the transactions are safe on their apps . Besides , there are checks like two-factor authentication for ensuring secure transactions for consumers , ” Altaf Halde , Managing Director at Kaspersky Lab , South Asia , told . In such a scenario , cyber criminals could look at tricking Attack.Phishing consumers into downloading fake apps that look almost like Attack.Phishing the genuine one , allowing a backdoor entry into their smartphone . While financial institutions like banks and mobile m-wallet companies take steps to protect customer information , users also need to take precautions as negative experiences could lead to losing trust in digital transactions .