Millions of people are at risk after downloading dangerous applications onto their smartphones.
Cybersecurity company McAfee has identified 15 malicious apps that have been downloaded onto at least 8 million Android phones, and warned about the “significant global increase of … predatory loan apps.”
The apps, which McAfee called “a global threat,” have since been reported to Google’s moderators.
While some have been removed from the Google Play Store, others have merely been updated by app developers.
“SpyLoan apps are intrusive financial applications that lure users with promises of quick and flexible loans, often featuring low rates and minimal requirements,” the report from McAfee reads.
“Ultimately, rather than providing genuine financial assistance, these apps can lead users into a cycle of debt and privacy violations.”
Read more here from the New York Post.
