April 20, 2018 261By Nathan Bentley
“While data suggests that some of these malicious apps hardly got any traction, the MyEtherWallet copycat which made its way to the Play Store in January was downloaded between 100 and 500 times before it got taken down. One of the reasons it managed to garner some success was probably because it remained on the Play Store for almost a week.”hacked into, putting users at risk of further fraudulent crimes. Overall, according to TheNextWeb.com, RiskIQ indicate that across the mobile phone app industry (made of around 20 official online stores), 661 malicious apps where discovered, the majority of which did appear on Google Play. This highlights just how high the risk is, it is not just isolated within Google and could affect users of iOS and other, similar operating formats.
“But as Stefanko’s recurrent findings show, the mechanism is incapable of keeping up with the attackers’ ever-evolving methods: and unless Google finds a more efficient measure of counter-acting such ill-intended efforts, it is only a matter of time before someone gets burnt.”Something must be done about this, changes must be made. Otherwise, we are only going to see more devastating hacks, more loss of assets and more data theft. If this happens, the integrity of the entire blockchain industry is at risk. Google, Apple and others, all have a huge responsibility to take action, soon. Featured Image Original Source: Wikipedia Commons.