New Delhi, Nov. 8 -- The nation celebrates the auspicious festival of Diwali today. This is a day that often brings higher spending, understandable thrill and euphoria around bursting crackers, as households shop for festivities and purchase essential gifts, clothes, chocolates, and similar items.

However, the rush for urgent funds can also make individuals vulnerable to cyber fraud and financial scams, as fraudsters exploit these vulnerabilities by offering quick, seamless-looking loans through fraudulent mobile applications.

This issue has been recently discussed in detail in a report by The Tribune. In the report, it has been explained how cybercriminals in Himachal Pradesh are targeting young and unsuspecting borrowers, particularly...