Avoid using Instant #Loan_Apps at all cost.

Read more to know why.

#cybersecuritytips #loanapps #instantcash @Cyberdost

~Thread ~
(1).
There are many Apps on Play store offering instant money in some easy steps.

You just have to download the App and submit your Id and complete KYC.

Seems safe isn't it. BUT IT'S NOT.!
(2).
The App you just downloaded is a tunnel from your phone to the data thieves.

The application you downloaded asks permission to read your Media files Which includes photos and videos, Messages, Phone calls, read and write phone settings.
(3).
When you allow these permissions the app owner has all the data in your phone.

They can use it to blackmail you for extra money.

Read this- techcrunch.com/2022/08/26/loa…
(4).

The blackmailing does not stop till you complain about it, some people don't know what to do when these blackmailing surge.

The app owners morph your photos in explicit form and send them to your contacts in Whatsapp to get money from you.
(5).

Do not use any loan apps from any source whatsoever and if any one asks you about them warn them of the outcome.
(6)
Google has removes more than 2000 money lending loan apps from the play store in India, but when you check yourself clones are resurfacing with slight changes in the UI.
Link-news18.com/news/tech/goog…

Read also- frontline.thehindu.com/columns/loan-a…
7.
Another Loan app fraud led to tragic murder-suicide of Madhya Pradesh family.

The #loan_apps from which engineer Amit Yadav had taken loans, whose high #interest he was not able to pay off. In the end, he was left with no option but to kill his family and commit #suicide.
Cyber Cell of Delhi Police caught a Chinese loan app fraud, arresting 22 people in the case. These loan apps were used to offer money to their clients, stealing mobile data of thousands of people, blackmailing the people with their personal information.

bit.ly/3CF1OZq

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