The Director of Criminal Investigations (DCI) has raised concerns regarding the rise of fake mobile money lending apps used to con Kenyans.
The DCI noted that a recent study conducted by a research cybersecurity company revealed that hundreds of apps from a renowned application store ran potentially harmful adverts that will cause many Kenyans to lose money.
According to the investigating agency, downloading the loan apps from these stores put Kenyans at the hands of fraudsters.
The body added that the fake apps request people for some registration fee before they can give them a loan. Additionally, after asking for the money, they don’t let the customer know how they plan to pay back the money.
Although it’s normal for some fee to be paid prior to giving out cash, legitimated lenders always reimburse the money via the requested loan.
On the other hand, fraudsters ask for a fee before giving out money. Upon receiving the payment, the borrower will never get any funds.
… they want with his/her phone.
The most common form of these applications are fake loan apps.
They request for deposits via short codes promising customers that they will get instant loans. They also charge a certain amount of money to ‘register’ or process the said loans.
— DCI KENYA (@DCI_Kenya) August 3, 2020
The Directorate of Criminal Investigations said fraudsters businesses aren’t registered with the county or national government. In addition, they don’t have a physical address or contact number.
Giving out vital information
To protect Kenyans from such scammers, the DCI requested that people shouldn’t be quick to give out their bank account details, pin, passwords, and usernames when using these applications.
Users have been asked to check out reviews before downloading these apps. They should also report the scam to respective online stores.