Moneylender Misusing Personal Data

Six unlicensed moneylending apps are under investigation on suspicion of misusing personal data {according to Personal Data Protection Department (PDPD)}

The six applications are Asialend, Dreamlend, iPayfren, iPinjaman, Helplend4u and GoCash4u.

The department said the applications “were found to have accessed and copied other information, including personal information unrelated to loans without the borrower’s consent”

If found guilty, the operators of the six apps face penalties of a fine of up to RM300,000 or a jail term of up to two years or both. Those whose personal data has been misused by such unlicensed online money lending apps are urged to contact the PDPD enforcement division at penguatkuasaan@pdp.gov.my or the Personal Data Protection System (daftar.pdp.gov.my) to assist investigations.

The department said Malaysians should be more careful with their personal data when applying for loans online, especially when giving downloaded apps permission to access information.

Anyone interested in online loans should check with the Housing and Local Government Ministry, Credit Community Control Division to verify the registration status of the online moneylending app, the department said.