Bitcoin exchange apps are risky claims new report
|Christian Hargrave in Cryptocurrency Monday, January 29, 2018|
Cybersecurity company issues warning that over 600 fraudulent cryptocurrency apps can be found on leading app stores.
He said, “We are seeing threat actors around the world exploiting what is already a hostile currency in a lawless digital world. Before handing over any cash or personal data, investors should carry out thorough research into the exchange and wallet apps they intend to use. By checking the developer’s name, user reviews and the number of app downloads, investors can measure the validity of an app and be more confident in their choice.”
They research from RiskIQ showed almost 3 percent of apps with “Bitcoin exchange” in the title were blacklisted, as well as 2.6 percent using “Bitcoin wallet” and 2.2 percent listed as “cryptocurrency.”
Hackers behind the blacklisted apps, which have been blacklisted by one or more cybersecurity vendors, can trick users into handing over large sums of money or personal details for financial gain.
The rise in unofficial and potentially malicious apps across multiple app stores will alarm potential investors looking to buy into Bitcoin.
Learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors.
Write and run code every step of the way, using Android Studio to create apps that integrate with other apps, download and display pictures from the web, play sounds, and more. Each chapter and app has been designed and tested to provide the knowledge and experience you need to get started in Android development.
How to create a profitable, sustainable business developing and marketing mobile apps.