These days, cases of cyber crime are increasing rapidly in the country and the world. In these cases, scammers are stealing people’s information in different ways and emptying their bank accounts. Fake loan apps are also included in these methods. Through these, people are trapped by luring them with loans at low interest rates and then blackmailing them is done by collecting their personal information. 15 such apps have been identified on the Play Store, which were downloaded by 80 lakh people.
How was it identified?
McAfee Mobile Research has identified these 15 apps. Through these apps, people were trapped by luring them into giving money at cheap rates. At first glance, these apps seem trustworthy, but their purpose is to collect as much information as possible from people. Once the information is collected, the work of intimidating the loan takers is started. A lot of money is extorted from them by blackmailing them.
This is how blackmailing is done
Cyber thugs launch these apps with trustworthy names so that after listening to the name it seems as if these are the apps of some financial institution. Marketing is done on social media to win people’s trust. Once downloaded, they start accessing SMS, contact lists and call logs from the users’ phones. Apart from this, these apps take access permissions to phone call records, camera and microphone. Later on, users are blackmailed through these methods.
These 15 fake loan apps have been identified
- Secure Loan-Fast, secure
- Quick Loan-Credit Easy
- Get baht easily – quick loan
- RupiahKilat-Liquid funds
- Borrow happily – loan
- Happy Money – Quick Loan
- KreditKu-Money Online
- Quick Funds – Small loans
- Cash Loan – Borrow money
- RapidFinance
- ReadyForYou
- Huayna Money
- Loans: Fast
- Get Sol-Money Fast
- EcoLoan Online Loan
If you have any of these apps in your phone, delete it immediately. After the report came out, some of these have been removed from the Play Store and some have been updated by their developers. To take a loan, always contact authorized financial institutions only and avoid downloading fake apps in the lure of cheap interest rates.
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