Apple Bans 6 Apps from App Store India
Introduction
According to a shocking report, there are multiple scam loan apps on the App Store in India that charge excessive interest rates and force users to pay by blackmailing and harassing them. Apple has prohibited and removed these apps from the App Store, but they may still be installed on your iPhone and running. You must delete any of these apps if you have downloaded them. Learn the names of these apps and how they operated the fraud.
Why Apple banned these apps?
- Apple has taken action to remove certain apps from the Indian App Store. These apps were engaging in unethical behaviour, such as impersonating financial institutions, demanding high fees, and threatening borrowers. Here are the titles of these apps, as well as what Apple has said about their suspension.
- Following user concerns, Apple removed six loan apps from the Indian App Store. Loan apps include White Kash, Pocket Kash, Golden Kash, Ok Rupee, and others.
- According to multiple user reviews, certain apps seek unjustified access to users’ contact lists and media. These apps also charge exorbitant fees that are not necessitated. Furthermore, companies have been found to engage in unethical tactics such as charging high-interest rates and “processing fees” equal to half the loan amount.
- Some lending app users have reported being harassed and threatened for failing to return their loans on time. In some circumstances, the apps threatened the user’s contacts if payment was not completed by the deadline. According to one user, the app company threatened to produce and send false photographs of her to her contacts.
- These loan apps were removed from the App Store, according to Apple, because they broke the norms and standards of the Apple Developer Program License Agreement. These apps were discovered to be falsely claiming financial institution connections.
Issue of Fake loan apps on the App Store
- The App Store and our App Review Guidelines are designed to ensure we provide our users with the safest experience possible,” Apple explained. “We do not tolerate fraudulent activity on the App Store and have strict rules against apps and developers who attempt to game the system.
- In 2022, Apple blocked nearly $2 billion in fraudulent App Store sales. Furthermore, it rejected nearly 1.7 million software submissions that did not match Apple’s quality and safety criteria and cancelled 428,000 developer accounts due to suspected fraudulent activities.
- The scammers also used heinous tactics to force the loanees to pay. According to reports, the scammers behind the apps gained access to the user’s contact list as well as their images. They would morph the images and then scare the individual by sharing their fake nude photos with their whole contact list.
Dangerous financial fraud apps have surfaced on the App Store
- TechCrunch acquired a user review from one of these apps. “I borrowed an amount in a helpless situation, and a day before the repayment due date, I got some messages with my picture and my contacts in my phone saying that repay your loan or they will inform our contacts that you are not paying the loan,” it said.
- Sandhya Ramesh, a journalist from The Print, recently tweeted a screenshot of a direct message she got. A victim’s friend told a similar story in the message.
- TechCrunch contacted Apple, who confirmed that the apps had been removed from the App Store for breaking the Apple Developer Program License Agreement and guidelines.
Conclusion
Recently, some users have claimed that some quick-loan applications, such as White Kash, Pocket Kash, and Golden Kash, have appeared on the Top Finance applications chart in recent days. These apps necessitate unauthorised and intrusive access to users’ contact lists and media. According to hundreds of user evaluations, these apps charged exorbitantly high and useless fees. They used unscrupulous techniques such as demanding “processing fees” equal to half the loan amount and charging high-interest rates. Users were also harassed and threatened with restitution. If payments were not made by the due date, the lending applications threatened to notify users’ contacts. According to one user, the app provider even threatened to generate phoney nude images of her and send them to her contacts.
Related Blogs
Introduction
In the dynamic realm of online gaming, where virtual worlds and competitive landscapes converge, ensuring the safety of players has become an imperative task. As the digital gaming community expands, so do the challenges of navigating potential risks and threats. There is a need for crucial strategies and measures aimed at safeguarding players and fostering a secure environment where gamers can fully immerse themselves in their passion without compromising their well-being. Online gaming, a thriving industry, makes gamers attractive targets for cyber theft, including account takeovers (ATO). ATO involves stealing characters, inventory, in-game currencies, achievements, and skins, with high-level accounts as prime targets. Gamers face real-life consequences as fraud within games can compromise personal information, including location, credentials, credit card details, and more. Protecting oneself involves maintaining privacy in sharing information, enabling two-factor authentication, and employing strong, unique passwords with security solutions that provide additional safeguards for an uninterrupted gaming experience.
Online Gaming Carries The Following Major Risks
Viruses and malware: Searching for less expensive or free downloads of your preferred games puts you in danger of accidentally downloading malware and viruses.
Theft of identity: Hackers gather information that is personally identifiable to create victimised identities. The chat feature is one of the possible risks of playing video games online with random people.
Invasion of a profile: It's not advisable to use an identical password and username across all of your preferred video game platforms since if hackers manage to obtain your login information, they may hack all of your player accounts and perhaps take control of them.
Swatting and doxing: Doxxing is the practice of hackers publishing your residential location or telephone number online after obtaining your private data. Swatting is a dangerous harassment tactic originating from online gaming, involving false emergency reports to provoke an excessive police response at the unsuspecting victim's location.
How Hacking Poses Serious Risks to Online Gaming Security
The video game industry has experienced rapid growth in recent times, catering to millions of players throughout the globe who relish an extensive array of engaging adventures. But because of its widespread use, hackers are now more likely to target it in an attempt to take advantage of its weaknesses.
Hackers are drawn to the gaming business for a number of reasons.
Due to its enormous income potential, this sector is an appealing option for investment. Players' large audience offers a treasure trove of private data that can be used for fraudulent transactions and other nefarious activities. Because of its high exposure, the sector is a tempting target for attackers looking to achieve recognition or make an impression. Customers wish to add modifications, cheats, or other external software to their contest, which increases the threat. In this sector, there is fierce competition, and winners take home large cash awards. This encourages players to use DDoS attacks to their advantage in order to outperform their rivals.
Importance of Secure Servers
Upgrade server applications and Modifications
Maintaining the most recent versions of all server software is a basic step in gaming server security. Updates and patches are regularly released by developers to address security flaws, therefore it's imperative to install them right away. If you ignore updates, your server becomes vulnerable to known vulnerabilities and a prime target for cybercriminals.
Put Strict Access Controls in Place
It is essential to manage who has permission to access your gaming system to avoid violations and unwanted access. Use strong password regulations and mandate complicated passwords for administrators on the system.
Two-factor authentication (2FA) into place
Restrict access rights to those who need them for administrative tasks to lessen the possibility of unlicensed individuals taking over a server.Safety Measures Players should be urged to adhere to best practices, which include:
Using secure passwords.
Avoid clicking on dubious links.
Updating software & apps regularly.
Upgrading antivirus software regularlyImproving cybersecurity practices and bringing attention to possible risks can greatly improve the general population's safety in gaming.
Conclusion
The internet gaming industry's rapid expansion has resulted in increased security threats in addition to recreation. Players confront various threats, including growing hacking attempts, sensitive information leaks, malware, identity theft, and doxing. To reduce these dangers, secure servers are essential. They emphasise the importance of frequent upgrades, restricting access, and user training. It becomes essential to enable security measures to keep ahead of emerging dangers. Enhancing safety measures guarantees a more secure gaming environment, safeguarding the large population that participates in this quickly changing digital space.
References
https://www.kaspersky.com/resource-center/threats/top-10-online-gaming-risks
https://www.imperva.com/blog/cyber-attacks-gaming-industry/
https://www.techslang.com/securing-gaming-servers-cybersecurity-best-practices-for-online-gaming-communities/
https://www.vox.com/policy-and-politics/2018/1/13/16888710/barris-swatting-death-charges
Introduction
With the increasing frequency and severity of cyber-attacks on critical sectors, the government of India has formulated the National Cyber Security Reference Framework (NCRF) 2023, aimed to address cybersecurity concerns in India. In today’s digital age, the security of critical sectors is paramount due to the ever-evolving landscape of cyber threats. Cybersecurity measures are crucial for protecting essential sectors such as banking, energy, healthcare, telecommunications, transportation, strategic enterprises, and government enterprises. This is an essential step towards safeguarding these critical sectors and preparing for the challenges they face in the face of cyber threats. Protecting critical sectors from cyber threats is an urgent priority that requires the development of robust cybersecurity practices and the implementation of effective measures to mitigate risks.
Overview of the National Cyber Security Policy 2013
The National Cyber Security Policy of 2013 was the first attempt to address cybersecurity concerns in India. However, it had several drawbacks that limited its effectiveness in mitigating cyber risks in the contemporary digital age. The policy’s outdated guidelines, insufficient prevention and response measures, and lack of legal implications hindered its ability to protect critical sectors adequately. Moreover, the policy should have kept up with the rapidly evolving cyber threat landscape and emerging technologies, leaving organisations vulnerable to new cyber-attacks. The 2013 policy failed to address the evolving nature of cyber threats, leaving organisations needing updated guidelines to combat new and sophisticated attacks.
As a result, an updated and more comprehensive policy, the National Cyber Security Reference Framework 2023, was necessary to address emerging challenges and provide strategic guidance for protecting critical sectors against cyber threats.
Highlights of NCRF 2023
Strategic Guidance: NCRF 2023 has been developed to provide organisations with strategic guidance to address their cybersecurity concerns in a structured manner.
Common but Differentiated Responsibility (CBDR): The policy is based on a CBDR approach, recognising that different organisations have varying levels of cybersecurity needs and responsibilities.
Update of National Cyber Security Policy 2013: NCRF supersedes the National Cyber Security Policy 2013, which was due for an update to align with the evolving cyber threat landscape and emerging challenges.
Different from CERT-In Directives: NCRF is distinct from the directives issued by the Indian Computer Emergency Response Team (CERT-In) published in April 2023. It provides a comprehensive framework rather than specific directives for reporting cyber incidents.
Combination of robust strategies: National Cyber Security Reference Framework 2023 will provide strategic guidance, a revised structure, and a proactive approach to cybersecurity, enabling organisations to tackle the growing cyberattacks in India better and safeguard critical sectors. Rising incidents of malware attacks on critical sectors
In recent years, there has been a significant increase in malware attacks targeting critical sectors. These sectors, including banking, energy, healthcare, telecommunications, transportation, strategic enterprises, and government enterprises, play a crucial role in the functioning of economies and the well-being of societies. The escalating incidents of malware attacks on these sectors have raised concerns about the security and resilience of critical infrastructure.
Banking: The banking sector handles sensitive financial data and is a prime target for cybercriminals due to the potential for financial fraud and theft.
Energy: The energy sector, including power grids and oil companies, is critical for the functioning of economies, and disruptions can have severe consequences for national security and public safety.
Healthcare: The healthcare sector holds valuable patient data, and cyber-attacks can compromise patient privacy and disrupt healthcare services. Malware attacks on healthcare organisations can result in the theft of patient records, ransomware incidents that cripple healthcare operations, and compromise medical devices.
Telecommunications: Telecommunications infrastructure is vital for reliable communication, and attacks targeting this sector can lead to communication disruptions and compromise the privacy of transmitted data. The interconnectedness of telecommunications networks globally presents opportunities for cybercriminals to launch large-scale attacks, such as Distributed Denial-of-Service (DDoS) attacks.
Transportation: Malware attacks on transportation systems can lead to service disruptions, compromise control systems, and pose safety risks.
Strategic Enterprises: Strategic enterprises, including defence, aerospace, intelligence agencies, and other sectors vital to national security, face sophisticated malware attacks with potentially severe consequences. Cyber adversaries target these enterprises to gain unauthorised access to classified information, compromise critical infrastructure, or sabotage national security operations.
Government Enterprises: Government organisations hold a vast amount of sensitive data and provide essential services to citizens, making them targets for data breaches and attacks that can disrupt critical services.
Conclusion
The sectors of banking, energy, healthcare, telecommunications, transportation, strategic enterprises, and government enterprises face unique vulnerabilities and challenges in the face of cyber-attacks. By recognising the significance of safeguarding these sectors, we can emphasise the need for proactive cybersecurity measures and collaborative efforts between public and private entities. Strengthening regulatory frameworks, sharing threat intelligence, and adopting best practices are essential to ensure our critical infrastructure’s resilience and security. Through these concerted efforts, we can create a safer digital environment for these sectors, protecting vital services and preserving the integrity of our economy and society. The rising incidents of malware attacks on critical sectors emphasise the urgent need for updated cybersecurity policy, enhanced cybersecurity measures, a collaboration between public and private entities, and the development of proactive defence strategies. National Cyber Security Reference Framework 2023 will help in addressing the evolving cyber threat landscape, protect critical sectors, fill the gaps in sector-specific best practices, promote collaboration, establish a regulatory framework, and address the challenges posed by emerging technologies. By providing strategic guidance, this framework will enhance organisations’ cybersecurity posture and ensure the protection of critical infrastructure in an increasingly digitised world.
Introduction
Google India announced sachet loans on the Google Pay application to help small businesses in the country. Google India said that merchants in India often need smaller loans, hence, the tech giant launched sachet loans on the Gpay application. The company will provide loans to small businesses, which can be repaid in easier repayment instalments. To provide the load services, Google Pay has partnered with DMI Finance. This move comes at the Google for India, 2023, the flagship event to launch the Indian interventions planned by the big tech.
What is a Sachet Loan?
The loan system is the primary backbone of the global banking system. Since we have seen a massive transition towards the digital mode of transactions and banking operations, many online platforms have emerged. With the advent of QR codes, the Unified Payment Interface (UPI) has been rampantly used by Indians for making small or petty payments. Seeing this, Sachet loans made an advent as well, Sachet loans are essentially small-ticket loans ranging from Rs 10,000 to Rs 1 lakh, with repayment tenures between 7 days and 12 months. This nano-credit addresses immediate financial needs and is designed for swift approval and disbursement. Satchel loans are one of the most sought-after loan forms in the Western world. The ease of accessibility and easy repayment options have made it a successful form of money lending, which in turn has sparked the interest of the tech giant Google to execute similar operations in India.
Google Pay
Pertaining to the fact that UPI payments are the most preferred form of online payment, google came out with GPay in 2013 and now enjoys a user base of 67 million Indians. Google Pay has a 36.10% mobile application market share in India, and 26% of the UPI payments made have been through Google Pay. Google Pay adoption for in-store payments in India was higher in 2023 than it was in early 2019, signalling a growing use among consumers. The numbers shown here refer to the share of respondents who indicated they used Google Pay in the last 12 months, either for POS transactions with a mobile device in stores and restaurants or for online shopping. Eight out of 10 respondents from India indicated they had used Google Pay in a POS setting between April 2022 and March 2023, with an additional seven out of 10 saying they used Google Pay during this same time for online payments.
Pertaining to the Indian spectrum, the following aspects should be kept into consideration:
- PhonePe, Google Pay and Paytm accounted for nearly 96% of all UPI transactions by value in March
- PhonePe remained the top UPI app, processing 407.63 Cr transactions worth INR 7.07 Lakh Cr
- While Google Pay and Paytm retained second and third positions, respectively, Amazon Pay pushed CRED to the fifth spot in terms of the number of transactions
- Walmart-owned PhonePe, Google Pay and Paytm continued their dominance in India’s UPI payments space, together processing 94% of payments in March 2023.
- According to data from the National Payments Corporation of India (NPCI), the top three apps accounted for nearly 96% of all UPI transactions by value. This translates to about 841.91 Cr transactions worth INR 13.44 Lakh Cr between the three apps.
Conclusion
The big tech giant Google.org has been fundamental in creating and provisioning best-in-class services which are easily accessible to all the netizens. Satchel loans are the new services introduced by the platform and the widespread access of Gpay will go a long way in providing financial services and ease to the deprived and needy lot of the Indian population. This transition can also be seen by other payment portals like Paypal and Paytm, which clearly shows India's massive potential in leading the world of online banking and UPI transactions. As per stats, 40% of global online banking transactions take place in India. These aspects, coupled with the cores of Digital India and Make in India, clearly show how India is the global destination for investment in the current era.
References
- https://www.livemint.com/companies/news/google-enters-retail-loan-business-in-india-11697697999246.html
- https://www.statista.com/statistics/1389649/google-pay-adoption-in-india/#:~:text=Eight%20out%20of%2010%20respondents,same%20time%20for%20online%20payments
- https://playtoday.co/blog/stats/google-pay-statistics/#:~:text=67%20million%20active%20users%20of%20Google%20Pay%20are%20in%20India.&text=Google%20Pay%20users%20in%20India,in%2Dstore%20and%20online%20purchases.
- https://inc42.com/buzz/phonepe-google-pay-paytm-process-94-of-upi-transactions-march-2023/
