predatory loans

AppWizard
December 2, 2024
Researchers have identified 15 predatory loan applications on the Google Play Store that collectively garnered eight million downloads before being removed. These apps, which falsely advertised low-interest loans, engaged in extortion and harassment of users, particularly targeting individuals in South America, Southeast Asia, and Africa, including countries like Mexico, Colombia, and Senegal. The apps requested a one-time passcode to access user location information for their predatory practices. Users are advised to check app ratings, download numbers, and reviews to verify app legitimacy.
AppWizard
November 28, 2024
Recent findings from cybersecurity firm McAfee identified 15 malicious loan applications with around 8 million downloads that are designed to steal personal and financial data. These apps, found on platforms like the Google Play Store, mimic legitimate financial services and primarily target Android users in regions such as South America, Southern Asia, and Africa. Users are advised to remove specific apps, including "Préstamo Seguro-Rápido," "Préstamo Rápido-Credit Easy," and others, which promise quick loans but are actually tools for data harvesting. Victims report receiving partial funds and facing aggressive repayment demands, with some apps sharing a common infrastructure for data exfiltration. Key indicators of malicious intent include poor app ratings, excessive permission requests, and the legitimacy of the developer. Staying updated with software patches is also recommended to protect against these threats.
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