Ranchi Police retweets Cyber Dost's tweet about two bogus loan apps, how to stay safe

Ranchi Police: The Twitter handle CyberDost, which is handled by the Ministry of Home Affairs, has tweeted about two loan apps that have been found to be hosted by 'Hostile Foreign Entities'. The tweet was later retweeted by the Ranchi Police to spread awareness among their followers as well.

Ranchi Police retweets Cyber Dost's tweet

The Tweet has named two loan apps that have been found to be handled by foreign entities and are marked as fake apps. Acquiring loans from these apps may get you into trouble, as they may use illegal practises to get the money back from you. The names of these apps are:

• Finikash - The personal loan app
• LoanBuddy- Approved in 5mins

The tweet also contains things that you must keep in mind while getting loans from such apps. These points are:

• Please verify details before engaging.
• User caution is suggested.
• Always avail loans from RBI-regulated entities.

CyberDost details

Cyber Dost is a Twitter handle, @CyberDost, launched by the Ministry of Home Affairs in March 2018 that advises people on how to keep their personal and financial information safe when using the internet.

"Due to lack of awareness about the modus operandi of such cyber criminals, some people become victims of various crimes. Education and awareness will help in preventing such crimes to a significant extent," the Ministry of Home Affairs said in a statement explaining Cyber Dost.

The account covers issues ranging from safe online banking to identity theft and even steps to safeguard children's internet safety. The Cyber Dost handler also leads victims of cybercrime to the appropriate channels for filing complaints. People can publish their questions on its feed and get an answer about the best course of action.

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