Loan Apps
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Mumbai Woman's Morphed Nude Photos Sent To Family Despite Loan Repayment
A 25-year-old woman in Mumbai was allegedly harassed by a loan app firm and her morphed nude photographs were shared with her relatives and friends, even as she handed over an amount of money that was more than what she borrowed.
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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Wife's Morphed Pic Circulated Over Rs 2,000 Loan, Andhra Man Ends Life
Humiliated by morphed photos of his wife being sent to his friends and family members by loan app agents, a young man has ended his life in Andhra Pradesh, reigniting concerns over such criminal and inhumane steps being used by such loan givers.
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Married 47 Days Ago, Man Dies By Suicide Over Rs 2,000 Instant App Loan
Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old dying by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married.
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SpyLoan Apps Installed on Over 8 Million Android Phones Amidst Rise in Predatory Loan Apps
SpyLoan, a predatory loan application, has been detected on over 8 million Android devices, according to McAfee. Fifteen versions of the SpyLoan application have been removed or updated since they were identified, and users must remove these apps manually if they have already been downloaded.
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Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
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Telangana Student Dies By Suicide, Family Blames Loan App Executives: Cops
A 20-year-old engineering student died allegedly by suicide at his house in Hyderabad, even as family members alleged that he took the extreme step due to harassment from executives of an online loan app over repayment.
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Zerodha's Nithin Kamath Warns Against "Shady" Loan Apps, Shares Key Red Flags
Founder and Chief Executive Officer (CEO) of Zerodha Nithin Kamath recently warned his followers about the alarming rise of predatory digital lending apps that demand extensive access to users' personal information.
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FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
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SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
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Kerala Man Dies By Suicide After Suspected Threats From Instant Loan App
A 44-year-old man was found hanging near his house at Bathery in Kerala, suspectedly due to unethical loan recovery tactics used by an instant loan app, police said on Saturday.
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Parliamentary Panel To Meet Google, Apple, Others On Rising Cyber Crimes
Cybersecurity and rising cyber crime was a central discussion at a meeting of the panel earlier this month, where experts from the industry were quizzed by lawmakers about various facets of unlawful activities.
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Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
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ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
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In Rs 300 Crore Fraud, 15 Fake Chinese Apps Offer Low-Interest Loans
A fraud of Rs 300 crore through 15 fake Chinese applications has come to light after the Uttarakhand police busted a syndicate of cyber criminals where callers were offered low-interest rate loans.
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Mumbai Woman's Morphed Nude Photos Sent To Family Despite Loan Repayment
A 25-year-old woman in Mumbai was allegedly harassed by a loan app firm and her morphed nude photographs were shared with her relatives and friends, even as she handed over an amount of money that was more than what she borrowed.
-
Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
Wife's Morphed Pic Circulated Over Rs 2,000 Loan, Andhra Man Ends Life
Humiliated by morphed photos of his wife being sent to his friends and family members by loan app agents, a young man has ended his life in Andhra Pradesh, reigniting concerns over such criminal and inhumane steps being used by such loan givers.
-
Married 47 Days Ago, Man Dies By Suicide Over Rs 2,000 Instant App Loan
Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old dying by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married.
-
SpyLoan Apps Installed on Over 8 Million Android Phones Amidst Rise in Predatory Loan Apps
SpyLoan, a predatory loan application, has been detected on over 8 million Android devices, according to McAfee. Fifteen versions of the SpyLoan application have been removed or updated since they were identified, and users must remove these apps manually if they have already been downloaded.
-
Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
-
Telangana Student Dies By Suicide, Family Blames Loan App Executives: Cops
A 20-year-old engineering student died allegedly by suicide at his house in Hyderabad, even as family members alleged that he took the extreme step due to harassment from executives of an online loan app over repayment.
-
Zerodha's Nithin Kamath Warns Against "Shady" Loan Apps, Shares Key Red Flags
Founder and Chief Executive Officer (CEO) of Zerodha Nithin Kamath recently warned his followers about the alarming rise of predatory digital lending apps that demand extensive access to users' personal information.
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
-
Kerala Man Dies By Suicide After Suspected Threats From Instant Loan App
A 44-year-old man was found hanging near his house at Bathery in Kerala, suspectedly due to unethical loan recovery tactics used by an instant loan app, police said on Saturday.
-
Parliamentary Panel To Meet Google, Apple, Others On Rising Cyber Crimes
Cybersecurity and rising cyber crime was a central discussion at a meeting of the panel earlier this month, where experts from the industry were quizzed by lawmakers about various facets of unlawful activities.
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
-
ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
-
In Rs 300 Crore Fraud, 15 Fake Chinese Apps Offer Low-Interest Loans
A fraud of Rs 300 crore through 15 fake Chinese applications has come to light after the Uttarakhand police busted a syndicate of cyber criminals where callers were offered low-interest rate loans.
