“ Figueroa had borrowed the cash to tide him over a tough patch,
however was soon caught in a cycle of debt and extortion because the app despatched ever extra menacing messages, together
with a menace to ship a doctored picture to all his contacts labeling
him a pedophile. CONDUSEF, Mexico's regulator for shopper finance,
has received greater than seven-hundred studies of doxxing
- maligning an individual online - related to loan apps since January,
however is powerless to act. The app boasts greater than one million downloads and
a rating of 4.8 out of 5 on Google Play Retailer. The Thomson Reuters Foundation discovered 29 mortgage apps with hundreds of thousands of downloads within the Google Play Store
which have been reported to the authorities for extortion, fraud,
violation of Mexican privateness law, and abusive monetary practices.
Most mortgage apps tote the same line in privateness policies - all invalid even if the person agrees to share
their data, said Dafne Mendez, founding father of consulting group Privacy
Watchers. ”