“It is important that individuals tread carefully, verify the authenticity of financial apps and services, and rely on reliable sources of information. By staying informed and remaining vigilant, users will be able to avoid such deceptive “You can protect yourself from becoming a victim of a malicious scheme,” Štefanko added.
After notifying Google of the issue, the company removed 17 SpyLoan apps and one app is under review.
Here is a list of fraudulent SpyLoan apps:
1) AA Credit
2) Amor Cash
3) Guayaba Cash
4) Easy Credit
5) Kashwau
6) Creditbus
7) Flash loan
8) Prestamos Credit
9) Prestamos De Credito-YumiCash
10) Use credits
11) Instant Prestamo
12) Carterra Grande
13) Rapid Credit
14) Finup financing
15) 4S Cache
16) True Naira
17) Easy Cash
Tips to protect yourself from SpyLoan apps like this:
–Developed by unknown companies, these fraudulent loan apps are sold via SMS and social media platforms offering competitive low interest rates. However, never install such apps, even from the Google Play Store.
— While installing a financial app, never allow the app to access your photo gallery, contact list, SMS, or email.
— Install only official banking or digital wallet apps developed by trusted leading companies with national presence
— Install an antivirus app and monitor malicious app activity.