I4C banned 379 illegal loan/scam websites in 8 months: Home Affairs MoS

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I4C banned 379 illegal loan/scam websites in 8 months: Home Affairs MoS - YourStory

Quick Summary:

In addition to targeting illegal loan apps, I4C has identified and rendered non-functional 310 malicious/phishing domains and 91 fake websites to prevent abuse of .in’ domains.

Additionally, a toll-free helpline, 1930, has been operationalized to assist citizens in lodging online cyber complaints.

However, they often impose exorbitant interest rates ranging from 20% to 30% monthly, coupled with hefty processing fees, leading to severe financial distress for borrowers.