{"id":20141,"date":"2022-12-01T09:05:14","date_gmt":"2022-12-01T09:05:14","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/01\/predatory-loan-apps-found-in-google-and-apple-stores-the-register\/"},"modified":"2022-12-01T09:05:14","modified_gmt":"2022-12-01T09:05:14","slug":"predatory-loan-apps-found-in-google-and-apple-stores-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/01\/predatory-loan-apps-found-in-google-and-apple-stores-the-register\/","title":{"rendered":"Predatory loan apps found in Google and Apple stores \u2022 The Register"},"content":{"rendered":"

<\/a>\n<\/p>\n

\n

Almost 300 apps, downloaded by around 15 million users, have been pulled from the Google Play and Apple App stores over claims they promised quick loans at reasonable rates but then used extortion and other predatory schemes against borrowers.<\/p>\n

The loans came with hidden fees and high interest rates that drove up the payments and the apps asked for sensitive information on their mobile devices. This included SMS messages, photos, phone history and contact lists that was then used against victims, according to researchers with cybersecurity vendor Lookout.<\/p>\n

In some instances, the data exfiltrated from the device was used to extort borrowers by threatening to disclose the data or information about the debt to their contacts, the researchers wrote in a report<\/a>.<\/p>\n

\n