If you use Android and want to load a crypto application, beware of malicious applications that hide themselves under legitimate.
Scammers use cryptocurrency advertising, which often peck fans “travel tokens”. One of these malicious companies over the fact that the company with the attractive name Google Commerce Ltd extorted from users more than $388 000, reports The Next Web. The company sold an Android app for $388 for download, promising users 1 live for downloading. Instead, users received only the image of Ethereum.
App from the Google Play Store installed more than 100 people since its last update 14 Aug 2017. Obviously, it was a farce from Google Commerce Ltd, and he remained unnoticed for too long, even after it defeated the protection system of Google. Only after the news began to spread, Play Store deleted the app.
It seems that Google Play Protect – Google built-in protection from Android malware, are unable to detect the application that did not request user credentials. It came to light when users choose to pay for a fake Ethereum app and the interesting thing is that Google Play Store all the time regularly received payoffs from fraudulent Google Commerce.
Of course, Android users have a lot of questions over the inability of Google to ban such apps in the Play Store. Part of the problem, of course, solved the technological giant when it prohibits applications for cryptocurrency mining. However, according to the Next Web, the application for mining called JSEcoin ended up in the Play store.
Google has already demonstrated the severity of its policy, removing more than 70 thousand apps in 2017 – and that’s not counting crypto-applications. Most of the banned applications were offensive, and even contained child pornography.
Mobile fraud with crypto is genuinely alarming
Cyber criminals are always looking for potential victims in order to get to their virtual coins. In recent years Google Play found apps masquerading as exchanges and cryptocurrency wallets as well as apps that directly install the malicious software so as to force the victims to call the “secret laboratory for the analysis of the cryptocurrency”.
The problem is that even though action on the part of Google, such applications frequently appear again, as was the case with the above fake Ethereum app on the Play Store.