After users install and open the app, it immediately detects a virus. In users’ defense, I’ve installed real Android antivirus apps before that did detect viruses immediately. So, I completely understand and still trusting the app.
The only problem is this particular app gives you an urgent pop-up that says you must install an update to remove the infection. Sorry, but you never had an infection. The moment you tap update, malware’s installed. Even worse, it targets financial information.
The malware takes screenshots as you interact with your device, records your device’s PIN, and even shows fake financial screens when you try to log in to financial sites. This lets the malware capture usernames and passwords.