Cyber Security Department warns of iCloud borrowing tricks, taking control of iPhone

On October 30, the Department of Cyber Security (Ministry of Public Security) said that black credit crimes are shifting strongly from real-life activities to cyberspace, targeting people with urgent loan needs such as low-income people, students, workers and young workers.

Subjects often advertise fast loan services, disbursement in 15 minutes, no mortgage, then entice borrowers to participate in borrowing money through cloud accounts on phones.

When borrowers contact, the subjects request to log out of their personal cloud accounts, then log in to the accounts they provide on their phones. This way, they can activate the device search feature, remotely lock phones, and collect borrowers' contacts, images and personal data.

Meanwhile, the amount borrowers actually receive is often lower than the recorded debt due to many unreasonable fees being deducted. Interest rates can reach tens of percent per day, causing borrowers to quickly lose their ability to pay.

When the victim is late in paying the debt, the subjects will lock the phone, display debt collection notifications on the screen, and continuously call and text threats to relatives, friends and colleagues of the borrower.

Not stopping there, they can also use private images, personal information to extort money, photoshop slanderous photos or post content defaming the victim's reputation on social networks. These acts cause serious psychological pressure, directly affecting the work, relationships and life of the victim.

According to the Cyber Security Department, the consequences of black technology credit are not only limited to financial losses but can also push many families into debt, mental crisis and life instability.

Acts of usury, illegal collection or use of personal data, and threats to spread information to force borrowers to repay money may be handled according to legal regulations. However, investigation work faces many difficulties because subjects use virtual accounts, junk SIMs and many intermediary bank accounts to hide their identities and cash flow.

To prevent this, people should absolutely not log in to cloud accounts of unknown origin on personal phones, do not provide sensitive information and do not accept loans of unknown origin. When encountering financial difficulties, people should seek banks, legal credit institutions or reliable support sources.

In case they have become victims, people need to calmly keep threatening messages, transaction history and related evidence; do not continue to transfer money as requested for extortion, and quickly report to the nearest police agency.

The Department of Cyber Security also recommends that functional agencies strengthen coordination with digital platforms to detect, prevent and handle black credit activities disguised as technology, contributing to protecting people in cyberspace.

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