Government issues advisory regarding online loan app ; urges people to be vigilant

A variety of online scams exist, causing confusion among cybersecurity professionals. Cybercriminals use various tactics to steal money from ordinary people. Mobile apps are often used as a tool for fraudulent activities. 

A cautionary advisory has been issued by the government regarding online loan apps, urging people to be vigilant.

Cyber Dost, an online portal under the Union Home Ministry, has shared a message on social media platform X, providing instructions to uninstall the Honeyfall loan app. The Honeyfall app, available on the Google Play Store and downloaded by over 10,000 individuals, should be promptly removed if installed on your phone. Cyber Dost regularly notifies about cyber fraud incidents.

According to a recent post by Cyber Dost, the Honeyfall app has been developed with a unique code. Once installed on a phone, hackers can control the device using the malicious code, leading to potential bank fraud incidents. The government has warned about instant loan lenders to prevent financial scams. Cyber Dost has previously alerted the public about Windmill Money and Rapid Rupee Pro. Several cyber agencies have reported an increase in app-based fraud and blackmail under the guise of instant lending.