Almost 300 predatory loan apps found in Google and Apple stores
Such predatory lending apps have been a problem before. As we
Lookout researchers wrote in their report that there were likely dozens of independent operators behind the apps, with only some of them sharing code bases. However, all the apps followed a similar pattern in tricking victims into unfair loan terms and then threatening borrowers for repayments. "The focus on developing countries may also explain why we found more loan scam apps on Android than on iOS," the researchers wrote."Outside the US, Android is much more popular, with more than 70 percent of the market, partly because of the availability of extremely low-cost Android devices."
The victims would receive some of the loan they applied for – unlike similar scams – but it would come with fees that amounted to up a third of the amount borrowed. After that, extremely high interest rates were applied and the borrowers were told to repay the loan within days, much of which was contrary to the lending details the load app promised.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
‘That's What Neighbors Are for': People Help Disabled Woman After Nasty NoteAfter a rude note was left telling a disabled woman to clean up her yard in Billerica, Massachusetts, community members came together in support. Kristene Whitehouse says her heart sank when she received a note in her mailbox Monday night. The message read, “Clean up your yard leaves they blow all around.” Someone wasn’t happy her yard was full of…
Læs mere »
Terrified cat abandoned at Edinburgh petrol station with note attached to crateThe charity has now condemned the actions of the person who abandoned her and said it was 'absolutely not the right way to give up an animal'.
Læs mere »
Man buys 300 iPhones from Apple Store but is robbed on his way to carA man who spent nearly £100,000 on 300 iPhones was robbed within seconds of leaving the Apple store in New York.
Læs mere »
New Apple logo revives iconic colours for major store launchIs there a subtle coded message here?
Læs mere »
Lawyers Representing Victims of Apple Store Crash to Announce Legal ActionAttorneys representing multiple victims of the Apple Store crash last week in Hingham, Massachusetts are expected to announce legal action being taken during a news conference Tuesday. Nineteen people were hurt and a man was killed last Monday, when an SUV plowed through the Apple Store in Hingham’s Derby Street Shops. The driver, identified as Bradley Rein, has been charged…
Læs mere »
Lawyers of Victims in Deadly Hingham Apple Store Crash File LawsuitAttorneys representing multiple victims of the deadly Apple Store crash last week in Hingham, Massachusetts, have filed a lawsuit against the driver, Apple and local businesses saying that the driver acted negligently and that barriers should have been in place to prevent such a crash. “For just a few dollars, a couple of barriers could have prevented this whole tragedy,”…
Læs mere »