Fraudsters persuaded some people to download fraudulent applications online to obtain their personal information, and extorted money, according to people who have been extorted.

"I saw it on Facebook saying that I can have a loan, and I was asked to download apps. I don't know where they got my friends phone numbers when I finished downloading. They borrowed money from them using my name. I learnt about it when she calls me and tells about it. It's pretty scary," said one person who experienced it.

In addition, a person who personally experienced it said that after downloading some applications, they demanded money.

"I downloaded it because I wanted a loan. He threatened me to pay money. If I don't want to pay, they threatened me to hand over to the authorities," said a person who experienced it.

The Department of Consumer Affairs has also notified 35 types of dangerous applications that are making threats in the name of loan business.

The fraudulent applications are Pegion, Sun Cash, Morning Cash, Happy Cash, Cash Tree, Easy Wallet, Fast Cash, Sky Cash, MM Finance, Money Bag, Cash Woo, U Finance, Lone M, Lxora Cash, Cash Now, Kind Cash, Kyat Wave, Money Bag, Quick Kyat, etc., and these applications have been notorious for fraud since 2022, according to the Department of Consumer Affairs.

If these applications are downloaded, they will continue to call father or mother or wife in the contact that is saved in the phone with multiple sim cards to create the problem and say obscenities and slanders. In addition to that, users will also be defamed with their fake accounts in Facebook and Telegram. There are many victims. They can obtain the information of family, lover, dating photos and videos, and blackmailing may occur, according to the Ministry of Information.