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Loan app scam: Majority of victims are educated youth and IT professionals

Updated Jan 2, 2021, 12:00 am IST Police say they have written to Google, urging it to take out 158 instant loan apps from the Play Store  Apart from charging hefty penalties for delay in repayment of the loan, the agents also blackmail and threaten the customers. (Representational Image: PTI) Hyderabad: A majority of the victims in the loan apps scam, it turns out, are well-educated individuals and information technology professionals. Police say they have written to Google, urging it to take out 158 instant loan apps from Google Play Store. “When downloading an app, regardless of the threat level, one must always check for the permissions it asks and check the reviews as well. The most common target audiences are the educated lot and the small time small-time businessmen hit by the sudden lockdowns and the economic downturn, said the police.

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