Home Business & Finance New Research Suggests that App Stores Are Targeted by Fake Bitcoin Apps

New Research Suggests that App Stores Are Targeted by Fake Bitcoin Apps

Although Bitcoin has struggled over last couple of days, it’s unlikely that the craze surrounding the cryptocurrency is going away anytime soon. Unsurprisingly, a latest report from RiskIQ has found that hackers are targeting different app stores to release malicious cryptocurrency apps aiming to steal money and personal data from users.

In the official blog post, the research firm has revealed that over 600 apps are currently available across different app stores such as Apple, Google Play, SameAPK and APKPlz. Moreover, the firm revealed that almost three percent of the apps with ‘Bitcoin exchange’ is available for download at the moment although these apps were blacklisted by cyber security vendors.

Fabian Libeau, EMEA VP of RiskIQ has 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.”

The security firm has urged users to be extra cautious before downloading any cryptocurrency related application. You can learn more about the latest research by visiting the official blog here.

Image: Flickr/Global Panorama

Related Articles