Google Removed 17 Apps From Google Play Store, They Can Be Dangerous For Users

Google Removed 17 Apps
Google Removed 17 Apps


Google Removed 17 Apps From Google Play Store, They Can Be Dangerous For Users


Google has tried to strengthen security for its customers. The company has removed 17 loan apps from its Play Store. Research says that these apps are hiding under the guise of true personal loan apps. Let us tell you that this app has been downloaded by more than 12 million people. Let us know about it.


Google goes on to deliver its features to millions of people around the world. The company keeps making continuous efforts to protect its users. Continuing this trend, the company has removed 17 apps from its Play Store.


Let us tell you that Research said on Wednesday that they have found 18 Android loan apps, which disguise themselves as genuine personal loans. Google has removed 17 of these apps from its platform targeting users in India and other countries.


Information found in the report


According to the ESET Research report, these apps had more than 12 million downloads globally from Google Play before they were removed. Such deceptive Android loan apps have been named 'spyloan apps'.


ESET researcher Lucas Stefanko exposed several spyloan apps, saying that 'these malicious applications take advantage of users' trust in legitimate loan providers.


They also use sophisticated techniques to defraud people and steal a wide range of personal information.


Blackmail people


According to the report, through these apps, the victims are blackmailed and even harassed by threatening to kill them.


These people mainly work in Mexico, Indonesia, Thailand, Vietnam, India, Pakistan, Colombia, Peru, Philippines, Egypt, Kenya, Nigeria and Singapore.


Apart from collecting data and blackmailing, these apps represent a form of modern-day digital usury, taking advantage of vulnerable individuals to charge exorbitant interest rates on loans.


Apart from collecting data and blackmailing, these apps represent a form of modern-day digital usury, taking advantage of vulnerable individuals to charge exorbitant interest rates on loans.


The total annual cost (TAC) of these loans is much higher than stated, and the loan tenure is much shorter than stated.


The report also states that in some cases, victims were pressured to repay their loans in five days instead of the stated 91 days. Also, the TAC of the loan was between 160 percent to 340 percent.


When the Spylone app is installed, the user has to agree to the terms of service and grant extensive permissions to access sensitive data saved on the device.



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