Google Play Store is a premier global marketplace to distribute innovative apps and games. Its stringent developer policies make this online platform world’s most trusted source for apps and games. Google Play Store’s Developer Policies include:
The list of these policies is non-exhaustive. Google Play Store has earned a huge fan following because of these policies. Billions of Android and Windows users rely on Google Play Store to download any app or games. However we should also understand that with evolving technologies completely avoiding forged apps or apps with embedded malware script is a herculean task.
Google Play Store, a home to millions of Apps is facing an uphill battle to keep fake apps away from the app store. Cunning app owners adopt deceptive tactics to set their foot into the Play store and worse, stay there.
Recent research reveals that this digital distribution service was targeted by fake finance apps developers to swindle people of their hard earned money. The treats actors this time impersonated six renowned financial apps from Australia, the United Kingdom, New Zealand, Switzerland, Poland & the Austrian crypto-currency exchange Bitpanda. These masqueraded Fake finance apps are as follows:
Once these fake apps are installed on the device, they seek for credit or debit card credentials. These include:
These details are sent to servers of the corrupt authors who misuse this information to extort users or render them bankrupt.
The apps were distributed with different developer’s name. However, the similarly in the code of all the apps revealed that they were designed by the same developer.
Facts and Figures: These apps have been downloaded by thousands of users since their launch in June 2018.
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