Android and iOS apps with 15 million installs extort loan seekers

[Gandalf_The_Grey]

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https://www.bleepingcomputer.com/news/security/android-and-ios-apps-with-15-million-installs-extort-loan-seekers/

Over 280 Android and iOS apps on the Google Play and the Apple App stores trapped users in loan schemes with misleading terms and employed various methods to extort and harass borrowers.

To fuel the operation's extortion attempts, the apps stole excessive amounts of data from mobile phones not usually required to offer loans.

In a new report by cybersecurity firm Lookout, researchers uncovered 251 Android 35 iOS lending apps that were downloaded a combined total of 15 million times, mostly from users in India, Colombia, Mexico, Nigeria, Thailand, the Philippines, and Uganda.

Lookout reported all of them to Google and Apple for removal and was successfully able to remove all of them.

Android and iOS apps with 15 million installs extort loan seekers

Over 280 Android and iOS apps on the Google Play and the Apple App stores trapped users in loan schemes with misleading terms and employed various methods to extort and harass borrowers.

www.bleepingcomputer.com