Taylor Swift feels like she was canceled. Tesla Cybertruck Steel Body Raises A Lot Of Questions About Insurance And Repair Costs The fraudulent apps occasionally impersonate the names and branding of loan providers and financial institutions. Research shows SpyLoan apps have grown by 90% in the first half of 2023, largely targeting users outside of the U.S. Google has reportedly removed the identified SpyLoan apps from the Google Play store since ESET alerted them. In actuality, the apps steal victims’ personal and financial information to blackmail users, sometimes threatening their families, and stealing their money.ĮSET classifies these bad actors as “SpyLoan apps” because they utilize spyware. The report identified 18 fraudulent apps that market themselves as offering quick and easy high-interest loans. Android device owners downloaded malicious loan apps from the Google Play Store 12 million times since 2020, according to a report from ESET Research Tuesday.
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