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.
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.
#iOS
https://www.zimperium.com/blog/moneymonger-predatory-loan-scam-campaigns-move-to-flutter/
Android and iOS apps with 15 million installs extort loan seekers
https://www.bleepingcomputer.com/news/security/android-and-ios-apps-with-15-million-installs-extort-loan-seekers/