loan application

Cybersecurity researchers discovered a predatory loan application called SpyLoan on the Google Play Store, which targeted Indian consumers and achieved around 100,000 downloads before being removed. The app presented itself as a financial management tool but required extensive permissions, accessing sensitive user information. User reviews indicated experiences of blackmail and low loan amounts. SpyLoan falsely claimed affiliation with a registered non-banking financial company and redirected users to download a separate loan application from an external site, circumventing some Google safeguards. Google confirmed the app's removal and stated that Android devices are protected against known malware through Google Play Protect.