Govt Steps Up War on Fraud Loan Apps, 3 More Apps Taken Down
What Happened
The Indian Cybercrime Coordination Centre (I4C) has directed Google to remove three loan apps, Horizon Cash Service, Money Score Monitor, and Zelicredit, from the Play Store. Authorities said the apps posed as legitimate lenders, charged exorbitant interest rates, and allegedly collected sensitive user data such as Aadhaar details, financial information, contacts, photos, and camera access.
Key Takeaways
The move is part of the government's ongoing crackdown on fraudulent digital lending platforms, taking the total number of loan apps flagged this month to nine.