Mumbai Police gears up with instant loan scam prevention campaigns

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Mumbai: As a part of cyber awareness, the Mumbai Police through their social media is alerting the citizens to be wary of ‘Instant Loan’ mobile applications. The cases of people falling prey to such loan apps have constantly increased.

“These instant loan apps provide instant money. When one needs money, they don’t think twice or even once for that matter. All that’s important is getting money on hand to fulfill the need. And this is when fake loan apps and fraudsters come into the picture and misuse victims’ vulnerabilities. With little too basic documentation, these scammers provide money only to turn around and harass them later,” explained a senior police official in the cyber team.

Mumbai Police, in their campaign to make people aware of this situation, are conducting several seminars and programs in different places including schools, colleges, workspaces, and…

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