Cybersecurity: NITDA warns of unverified instant loan platforms
The National Information Technology Development Agency (NITDA) has raised concerns over the need for the general public to beware of unverified instant loan apps and platforms, saying that some of them are fraudulent.
“Users must exercise caution, weigh the risks and hazards involved with such offers, particularly when they pose a serious risk to their lives,” Hadiza Umar, a spokesperson of NITDA, said in a statement on Tuesday in Abuja.
Ms Umar said it was important for the people to become aware of the fraudulent activities of some instant loan apps as October is being marked globally as a cyber security awareness month.
She observed that people needing money might be tempted by the promise of hassle-free microfinance software that guarantees loans in minutes and does not require any paperwork or verification of signatures.
“Users need to be warned that many Instant Loan Apps use harsh, unethical methods to recover money,” she said.
She further said when an individual downloads such apps, in most cases, they need to permit the app to access their contact numbers, pictures, and location, among other requirements.
“They deploy measures like constant harassment and threats, sending notices, warnings to the borrower’s contacts and even threatening severe legal actions,” Umar said.
She said for people to stay secure against such platforms, they need to avoid downloading unregistered loan-based applications.
“If you must download, carry out a background check on the loan company running the app, and read and understand their terms and conditions before you accept.
“Be cautious, as your contact details, photographs, and location can be copied by these money lenders.
“Ensure that these money lenders are Nigerian Data Protection Regulation (NDPR) compliant,” Ms Umar advised.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
Ministry signs N35 billion MoU with firm for sports development
Mr Enoh said that the partnership would help to inject funding into sports development from the private sector.
Economy
Kerosene price stood at N1,354.40 in March: NBS
It said the South-South recorded the lowest average retail price per litre of kerosene at N1,273.07.
States
Gov. Ododo warns against breach of peace
My administration will no doubt resist any attempt to instigate violent protests in any part of the state under any guise
Heading 2
Okuama Killings: Senator commends DHQ for release of detained traditional ruler
The king was released on Friday by the Defence Headquarters after spending about three weeks in the military custody.
Heading 3
Court adjourns Nnamdi Kanu’s N1 billion suit against FG for adoption of processes
Mr Benye said the instant suit was an abuse of court process.
Heading 5
Two die in Ilaro-Owode road crash
She said that a total number of seven people were involved, which comprised four men and three women.