Be careful of falling into the black credit trap because of borrowing money through iCloud

According to the Department of Information Security (Ministry of Information and Communications), recently, applications for lending money via iCloud have flourished, but borrowers will face many risks, potentially becoming victims of disguised loan sharking, leaking sensitive personal data such as images, videos, bank account information, contacts...

This is not a new "variant" but has appeared strongly recently, after the authorities cracked down on many forms of black credit lending money at "exorbitant" interest rates through applications recently. The iCloud loan service has exploded recently due to the simplicity of the loan procedure when the two parties do not need to meet, do not require collateral and disburse quickly. Borrowers only need an iCloud account and an Apple device to borrow money.

Dozens of groups lending money via iCloud on Facebook are actually a variation of black credit.

iCloud is an account that uses Apple's cloud service, linked and attached to products in the company's ecosystem such as iPhone, iPad, MacBook..., playing an important role in managing the device, backing up/synchronizing data from the device to the online server. To borrow money, the borrower must log out of the personal account on the device to log in to iCloud provided by the lender or provide login information, enable the Find My feature and synchronize contacts to execute the contract for disbursement.

The procedure sounds simple, but many people do not understand the importance of the iCloud account on the device, as well as subjectively not realizing the potential risks of this form of lending. When giving iCloud login information to others, this account is very easy to be hijacked to get personal information - an effective tool for blackmail or threatening, annoying behavior later.

In case of logging into the lender's account on the device, the device will also be taken control of, possibly remotely locked and everything on the device synchronized to the storage address of the disguised black credit service provider.

On social networks, these people create groups and communities to lend money, release "decoys" to increase their reputation, and continuously search for and recruit collaborators with the promise of high sales rewards when they lead borrowers.

iCloud is the key account to control data on Apple-made devices.

The number of members in these groups is up to thousands, even hundreds of thousands of people, with many posts every day to guide and entice "prey" to borrow money via iCloud with simple, quick operations, just owning an iPhone, iPad or MacBook is enough to qualify for disbursement, no need for collateral or guarantee. The loan amount depends on the value of the device that the user uses to log in to the account.

To avoid falling into the trap of scammers, security experts recommend that users should not borrow money through online services in general, and through iCloud accounts in particular. Absolutely do not provide personal information as well as sensitive data to others in any form.

"People should choose reputable financial institutions and banks to conduct transactions, not seek services on social networks. When encountering fraud cases like the above, people need to report to the nearest authorities and police agencies for timely support and resolution," the Department of Information Security recommends.

Source: https://thanhnien.vn/can-trong-sap-bay-tin-dung-den-vi-vay-tien-qua-icloud-185240625092432685.htm