Delete These 15 Fake Loan Apps Now to Protect Your Bank Account, Over 80 Million Users Affected – India TV

Image source: REUTERS Fake loan applications (representative image)

According to McAfee’s latest report, India ranks first in terms of downloading fake apps. Over the past few months, many people have unknowingly downloaded apps that promise quick loans but are actually scams. These fake loan apps can steal your personal and banking details, leaving you vulnerable to serious fraud. McAfee identified 15 specific fraudulent lending apps that were downloaded by millions – approximately 8 million users in total – primarily from the Google Play Store.

Although some of these apps have been removed from the store, many users still have them on their phones, so it’s crucial to understand the risks they pose.

Why are these apps dangerous?

These fake loan apps often ask for various permissions after installation, such as access to calls, messages, camera, microphone, and location. Many people who want to secure a loan grant these permissions without realizing the consequences. Once gained access, these apps can easily steal your sensitive data, including one-time passwords needed for banking.

Additionally, these apps are cleverly designed to bypass Google security, which is why they continue to appear in the Play Store even though they are malicious. Users have also reported threats from hackers manipulating their private photos through these apps.

If you suspect you have one of these 15 fake loan apps on your phone, it’s important to delete them immediately to protect yourself from potential fraud.

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Meanwhile, Google recently alerted users to an increase in online scams and cyber scams. As technology becomes more common, it becomes easier for fraudsters to scam people out of their hard-earned money. They often rely on well-known tactics, such as posing as freebie providers or tempting investment opportunities. Unfortunately, many people fall victim to this type of fraud, resulting in significant financial losses. Google’s trust and safety team said that to keep people safe five emerging trends in online fraud.