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As per a report in the Free Press Journal, a beautician from Mumbai had borrowed Rs 10,000 from an app called Everloan that she had bumped upon while browsing social media.
The government, said minister of state for finance Bhagwat Karad in Parliament, has been actively collaborating with regulatory bodies like the Reserve Bank of India and other stakeholders to curb the menace of illegal loan apps
Mumbai: Actor and philanthropist Sonu Sood recently fell victim to an incident involving deepfake technology, as scammers attempted to exploit his image
Chandrasekhar said the IT ministry has made it clear to the platforms that they cannot carry advertisements of fraudulent loan apps as those are misleading and exploit people using the internet.
Cyber Fraud: Chandrasekhar said the IT ministry has made it clear to the platforms that they cannot carry advertisements of fraudulent loan apps as those are misleading and exploit people using the internet.