ESET researchers describe the growth of deceptive loan apps for Android and techniques they use to circumvent Google Play
“While these SpyLoan apps technically comply with the requirements of having a privacy policy, their practices clearly go beyond the scope of data collection necessary for providing financial services and complying with the KYC banking standards,” ESET explains.
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SpyLoan apps were first seen in 2020 but starting last year they became more prevalent on both Android and iOS systems, according to ESET, Lookout, Zimperium, and Kaspersky.
https://www.zimperium.com/blog/moneymonger-predatory-loan-scam-campaigns-move-to-flutter/
Android and iOS apps with 15 million installs extort loan seekers