What is Fake App Fraud? Fake app fraud is a type of cyber fraud where scammers create fakemobile applications to appear like a legitimate or trusted apps. These fake apps may appear on third-party app stores or be distributed directly through links shared via SMS, WhatsApp, Telegram, or email. How Fake App Scams Work? The app closely resembles the official app of a legitimate bank or financial institution, along with authentic-looking logos, interfaces, and branding.