In FY23, there were 1,062 complaints against such apps. Last year, the finance ministry had shared this figure in the Lok Sabha.

New Delhi: The Center has warned against CashExpand-U Finance Assistant, an online loan app. Cyber ​​Dost, the government's cyber crime department, has issued a warning against the CashExpand-U finance assistant app on its official X handle. It is important to note that the app has been removed from above Google Play Store.

“Caution! CashExpand-U Finance Assistant – Loan app found to be associated with hostile foreign entities.#LoanApps #Cybercrime #DigitalSafety #Lending #I4C #MHA #Cyberdost #Cybersecurity #CyberSafeIndia,” X post read.

Beware! The CashExpand-U Finance Assistant – Loan app is known to be associated with unsavory foreign entities. #LoanApps #CyberCrime #DigitalSecurity #Lending #I4C #MHA #Cyberdust #cybersecurity #CyberSafeIndia @RBI @Google Play @FinMinIndia pic.twitter.com/yrKDTCPR41

— Cyber ​​Dost (@Cyberdost) 5 July 2024

“The loan app is believed to be hosted by hostile foreign entities,” the post said. Cyberdhost mentions that these apps belong to foreign organizations. Users should immediately remove the CashExpand -U finance assistant app from their electronic devices to ensure their data is not compromised.