Possible Threats
Some of the possible threats of Loan frauds are as follows:
- Identity theft:This type of fraud involves stealing someone's personal information, such as their name, Aadhar number, PAN number, or bank account information, and using it to apply for loans in their name.
- Phishing scams:These are scams that use fake emails or websites to trick people into revealing personal information, such as login credentials or financial information.
- Malware attacks:These attacks involve the use of malicious software, such as viruses or ransomware, to steal personal information or disrupt computer systems.
- Social engineering attacks:These attacks involve manipulating people into divulging personal information or performing actions that they otherwise would not, such as revealing login credentials or transferring money.