News

Google Issues Warning Against A Fake Crypto Wallet that Steals Money

A fake app, claiming to be a crypto coin wallet was recently found stealing money

Google Issues Warning

On May 23rd, 2019, ESET Antivirus researchers reported that a Google Play Store app, using the name Trezor, claims to be a crypto coin wallet app, but is actually fake and developed with the purpose of stealing money. Google warns its 2 billion monthly users against this fake app. 

Experts at ESET have warned users about two such fake apps on Google Play that aim cryptocurrency investors.

Trezor’s page on Google Play Store might look legitimate but after it is installed, its name and icon changes from ‘Trezor’ to ‘Coin Wallet’  that starts with a generic login screen with no Trezor branding, thus spoofing for credentials.

Coin Wallet

The Coin Wallet is listed on Play Store as a crypto wallet, according to ESET. This allows this fraudulent app to steal all sensitive data.

ESET researcher, Lukas Stefanko, explains,

The app pretends to generate a unique wallet address for the user where coins can be transferred, but, in reality, it is generated by attackers and only they can access those other wallets. 

There are different wallets for different supported cryptocurrencies in total that are assigned to victims to get their money.

Some safety tips advised by ESET 

• Only trust cryptocurrency-related and other finance apps if they are linked to the official website of the service.
• Only enter your sensitive information into online forms if you are certain of their security and legitimacy.
• Keep your device updated.
• Use a reputable mobile security solution to block and remove threats.

ESET informed Google about the offending apps, which have now been removed from the Google Play Store.
 

Manish
Written By
Manish

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.
News

Tinder Beats Netflix As The Top Grossing Non-Game App In Q1 2019

2 min read  

After so many years it has finally happened, an online dating app where you swipe right and left i.e. Tinder has now become the top-grossing app of Q1 2019. A great contribution to this is also done by the Netflix app as the company decided to stop paying Apple tax.Which basically means that it

News

Google Shares The Best Of Android Oreo ( Go Edition ) And Android One

4 min read  

Google has shared the Android success over the last 10 years and also teases new revelations coming up at this year’s Mobile World Congress. In a blog, the search giant mentioned how Android has evolved over the years and serving millions across the globe. Android Oreo (Go Edition) is the late

News

Everything About iOS 12 Features and iOS 12.4 Release Date

4 min read  

iOS 12.4 is expected to be rolled out before the commencement of WWDC, as it has not been officially announced.Currently, iOS 12.3 is the latest and the stable version of the iOS operating system until the time iOS 12.4 is not released, but it is anticipated to come out by June 3.However, iO

News

Tinder’s Location-Tracking Feature Promises to Spice Things Up

4 min read  

By infusing new features and strategies, Tinder is rightly catching up with other apps to jazz up its users. In one of the recent developments, Tinder has brought some amusing features to the table. A new feature called “Places” will enable other users to see all the locations you have v

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.