Name: Telephone Spy Category: Potential Privacy Risk Advice: Keep Risk: Low Risk Low risk threats pose a very low risk or no immediate danger to your computer or your privacy, however these types of applications may profile user online habits, but only according to specific privacy policies stated in the applications End-User License. These types of threats generally borderline on being a threat to being a standard application that has a complex license agreement that you knowingly installed. Description: Signatures: process: phonespy.exe: MD5 Hash: 3622200493df577cd88.. Type: Potential Privacy Risk - Many applications that fit into this category offer highly valuable services, or tools to their customers free, using marketing data collection as a way to finance the development and support of the software. While not typically considered a high-risk, we recommend closely examining the policies of the company, and the End User Licensing Agreement (EULA) to make a decision before ignoring, or quarantining this software.