Covid 19 has had a significant influence on our lives and businesses, with many individuals requiring “immediate money.” Loan sharks are now hiding in your phones as phony looking money-lending and borrowing applications.
Covid 19 is estimated to have cost over 10 crore people their jobs, and small company owners severe financial difficulties. So, millions of Indians are utilizing instant loan applications to make ends meet.
Cybercriminals are using new technologies to defraud mobile phone and computer users in order to profit from the confusion. Financial frauds have more than doubled in recent years, as opposed to last year. According on predictions, between March 2020 and March 2021, scammers obtained over 15 crore rupees from these applications.
Real loan apps, Fake apps, credit
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