Nearly 300 predatory loan apps on Google Play and Apple exfiltrating user data, harassing borrowers for repayment


Content Team
Image Credit: FPJ

Nearly 300 loan apps are circulating on Google Play and the Apple App Store that exhibit predatory behaviour, such as exfiltrating excessive user data from mobile devices and harassing borrowers for repayment, a new report has revealed. According to cloud security company Lookout, these loan apps exploit victims' desire for quick cash to trap borrowers into predatory loan contracts and require them to grant access to sensitive information.