The Snoopy drone steals data from unsuspecting smartphone users by exploiting handsets looking for a wireless signal.
The quadcopter, developed by a security firm which has offices in South Africa and UK, uses the company's software, which is installed on a computer attached to the drone.
Glenn Wilkinson, from the firm SensePost, said that when the software is attached to a drone flying around an area, it can gather everything from a user's home address to his or her bank information.
"A lot of [past] network names are unique and it's possible to easily geo-locate them," said Wilkinson.
Snoopy demonstrates how someone could impersonate one of those past networks.
Once a user has joined the disguised network, a rogue operator can then steal any information that the user enters while on that network - including e-mail passwords, Facebook account information, and even banking details.
Wilkinson acknowledges that the Snoopy software is not new technology - but rather, just a different way of gathering together a series of known security risks.
But when attached to a drone, it can quickly cover large areas, Wilkinson said.
"You can also fly out of audio-visual range - so you can't see or hear it, meaning you can bypass physical security - men with guns, that sort of thing," he said.
The drone was unveiled at the Black Hat security conference in Singapore.
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