“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.

The number of malicious SpyLoan apps is on the rise. Recent statistics show a 75% increase in the number of infections between Q2 and Q3 of 2024 , indicating the growing scale of the threat.

Tech-sperts are warning smartphone users to delete 17 popular finance apps that have been found to be infected with malware. Known as SpyLoan apps, they have been prevalent in Google’s Play Store.

SpyLoan apps often impersonate legitimate fintech apps, which have grown in popularity recently by offering highly accessible financial services to people who typically can’t access them.

SpyLoan is malware often hidden in apps that promise instant loans. These apps reel people in with offers of quick, hassle-free loans, boasting low rates and hardly any requirements.

A new set of 15 SpyLoan Android malware apps with over 8 million installs was discovered on Google Play, targeting primarily users from South America, Southeast Asia, and Africa.

SpyLoan apps likely won’t be going anywhere anytime soon given how profitable they can be for scammers. This is why you need to be extra careful when downloading new apps onto your Android ...

Over a dozen "spyloan" Android apps have been identified on the Google Play Store, new research reveals. McAfee found 15 apps posing as financial loan apps with low interest rates.

While SpyLoan apps like the 18 described above did manage to end up on the Play Store, they were quickly removed by Google once the search giant was presented with ESET’s research on them.

15 SpyLoan apps managed to reach the Google Play Store for Android. As spotted by McAfee’s mobile research team, the Google Play Store had up to 15 SpyLoan apps that endangered Android users ...

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.