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Home Technology Cyber-security

Desist from subscribing to online loan apps – CSA cautions Ghanaians

3 years ago
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Desist from subscribing to online loan apps – CSA cautions Ghanaians

The Cyber Security Authority (CSA), has admonished the public to desist from subscribing to online loan applications as they are not sanctioned by the Bank of Ghana (BoG) as well as the Data Protection Commission.

ICSA warned that individuals who patronise these services do so at their own risk, urging Ghanaians to review access permissions for mobile applications carefully before installing them.

According to CSA, people will be immune to cyberbullying if they stop subscribing to these fraudulent online loan apps.

In a statement by CSA, it said, “the public is advised against subscribing to these mobile applications since they ARE NOT sanctioned by the Bank of Ghana and the Data Protection Commission. Individuals who patronise these services do so at their own risk. The public is further advised to review access permissions for mobile applications carefully before installing them”.

Touching on the modus operandi of owners of these mobile loan apps, the statement said subscribers who default in repayment are threatened to have their pictures publised on all social media platforms.

The statement cited that unsuspecting individuals who haven’t taken loans through these online loan apps are also harassed with threat messages.

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