And once it is installed then obviously it will listen to everything you have in your device, passwords, cryptocurrency keys, or other personal information without the user’s knowledge or consent.
So again, this is just another reminder for us, not to trust anything we see in Google Play Store.
One more reason why it's not advisable to save passwords on your device. Your device note, Gmail and drive can be accessed by other apps either with your permission or without your permission (through malware or other malicious means). Repeatedly, we've been saying this that Google is not after your security, they are simply after their own profits by allowing anyone to upload app on their platform without rigid scrutiny.
Can we now see the importance of phone upgrading? Some people use phone for as long as possible thinking they're economical and financially wise without realising the older the phone, the more vulnerable it becomes. There's a reason for the upgrade and that includes the security feature on the device. If you can not get the latest version of the device, please do a regular update.