During celebrations, many people are harassed for lack of money and They turn to online applications to solve their financial problems. Generally these apps offer a quick solution and do not require as much ‘paperwork’ as different banking institutions.
But, There is a lot of insecurity behind these appsbecause not all of them have this feature security and data protection requirementsGuaranteeing the protection of customers.
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Behind the vast majority of online loan applications, SpyLoan malwareAccording to Malwarebytes, this is a “Malware that seeks out, invades, damages or disables computers and operating systemsnetworks, tablets or phones partially control the operations of the affected device.”
Additionally, cybersecurity expert Kaspersky says: SpyLoan is behind most online loan appsKnown as ‘Montadeudas’.
It is known that these applications work by advertising through social networks, and the advertisements offer the opportunity to access large amounts of loans in a short time and without requiring too many procedures, like traditional banking institutions. However, these ‘quick loans’ are known to have high interest rates.
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Mexican newspaper ‘El Universal’ states that when users fail to comply with set payments, SpyLoan, behind the app, acts dangerously and steals all personal information on the device: photos, chats, passwords and others; It is even known that he can be so ‘aggressive’. This will help users pay off their debt by completely blocking their mobile phone.
ESET, a Slovak software company specializing in cybersecurity, says that this malware was downloaded more than 12 million times in 2023, hiding behind banking applications.
Additionally, ESET ensures that the users most affected by such situations are ‘spyware’ is software from Mexico, Indonesia, Thailand, Vietnam, India, Pakistan, Colombia and Peru.
Source: Exame
