The Cyber Security Authority (CSA) has raised alarm over a surge in cyberbullying incidents linked to unregulated digital lending mobile applications in 2024. As of now, CSA has received 130 reports highlighting the risks associated with these apps.

Upon installation, users receive a credit (often less than GHS 200) into their mobile money wallets without requesting a loan. CSA emphasizes that these apps lack authorization from the Bank of Ghana (BoG) and fail to comply with the Data Protection Commission (DPC) regulations, posing significant risks to users.

In a recent statement, CSA advised the public against using these apps due to potential threats such as extortion tactics post-loan disbursement. Fraudsters coerce victims into repaying loans with exorbitant interest rates and resort to blackmail, including threats to share private photos or falsely label victims as criminals.

CSA has established a 24-hour Cybersecurity Incident Reporting Point of Contact (PoC) for victims of cybercrimes to seek assistance and guidance. They identified several unauthorized apps including Ahomka Loan, Antcredit, Beanloan, and others, all violating the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) and the Data Protection Act, 2012 (Act 843).

Victims, having granted these apps access to sensitive personal information during installation, are urged to remain vigilant. CSA warns that despite repayments, fraudsters may continue their schemes, causing prolonged distress to victims.