A quick loan and good repayment options? It’s likely a scam
Hackers are stealing money from gullible victims looking for a flash loan and moving it into China, experts have warned.
A new report from cybersecurity experts CloudSEK has suggested such activity means there is a need for greater international cooperation in order to stop this type of fraud.
As per the report, hackers (which CloudSEK believes are Chinese) have created over four dozen Android apps, impersonating popular Indian banks. These apps are hosted on different third-party app repositories and standalone websites. Then, they are “aggressively” advertised through social media. The advertisements promise quick and substantial loans, and easy repayments.Thousands of dollars stolen
Gullible consumers who fall for the trick are then asked to share personal information, such as their name, address, phone number, and bank account information.
