Predatory loan mobile apps grab data, harass users and their contacts

Lookout researchers have discovered nearly 300 Android and iOS apps that trick victims into unfair loan terms, exfiltrate excessive user data from mobile devices, and then use it to pressure and shame the victims for repayment. Aimed at consumers in developing countries – Colombia, India, Indonesia, Kenya, Mexico, Nigeria, the Philippines, Thailand, and Uganda – the apps and their operators are taking advantage of victims’ inability to qualify for a traditional loan. Android and iOS … More →

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