Researchers discovered the SpyLend Android malware on Google Play, which targeted Indian users with unauthorized loan apps, enabling predatory lending, blackmail, and extortion.
The Finance Simplified app, posing as a finance tool, was downloaded 100,000 times from Google Play and has received negative reviews reporting blackmail, harassment, and photo manipulation.
The malware gains excessive permissions to access sensitive data including contacts, call logs, SMS, photos, and location. It captures clipboard data and uses stolen information for blackmail and extortion.
SpyLend utilizes a custom C2 server and admin panel in English and Chinese, suggesting Chinese-speaking attackers. The app creates deepfake photos to coerce payments, highlighting severe impact on user privacy and security.