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Scams, terror, and national security: Problems with Chinese microloan apps in India


Scams, terror, and national security: Problems with Chinese microloan apps in India
The pandemic, accompanied by job loss and pay cuts, has made many Indians even more desperate than they normally were for loans. This has made them easy targets for spurious loan apps whose origins lie across the border.
January 29, 2021 05:07 GMT (21:07 PST)
| Topic: Innovation
Technology has become a great enabler but it can also be a killer. In this case, it has literally proven so for India s lower-income residents, thanks to unscrupulous Chinese operators who have used spurious loan apps and hired Indian underlings to bilk the most vulnerable. ....

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India Arrests 2 Chinese Women for Circulating Infected App on WhatsApp


India Arrests 12, Including 2 Chinese Women, for Circulating Malicious App on WhatsApp
Google removes 60 made-in-China instant loan apps from India following police complaint
NEW DELHI India arrested two Chinese women and 10 others accused of operating a fraud racket in New Delhi that officials say duped 40,000 people through a malicious app being circulated on WhatsApp.
This is the most recent incident of cybercrime involving Chinese-made mobile applications, some of which may be linked to Chinese espionage, police said.
The app helped the accused collect the personal data of unsuspecting people for illegitimate purposes. Victims were lured by the offer of lucrative returns from an online multilevel marketing campaign; they allegedly were offered $41 (3000 rupees) of daily commission for spending 30 minutes on the app called NewWorld promoting internet celebrities on Facebook, Instagram, and YouTube. ....

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