Apple boasts that its branded App Store may be a shelter. An equivalent can't be said about Google Play, where you'll find malicious applications. But not everything is so simple and Apple doesn't have a mechanism that 100% guarantees that low-quality software doesn't fall under the open spaces of the appliance store.


After browsing the milestones of Apple’s verification, a fraudulent app called Trezor for trading cryptocurrency entered the App Store. Many thought it had been an app from Trezor, a corporation that focuses on creating hardware wallets for cryptocurrency. Working with this program, the user Philippe Christodoulou lost 17.1 bitcoins and at the present rate of exchange it's about $ 600 thousand, they were simply stolen. But he wasn't the sole victim of the scammers. There have been a minimum of 4 more people that lost their cryptocurrency and therefore the total damage amounted to $1.6 million.


It is quite logical that the victims blamed everything on Apple; which allowed the looks of fraudulent software on the App Store. For its part, the Cupertino-based company said that the developers of the appliance got through the app store through a bait-and-switch technique. Simply put, they provided a secure version of the app for safe storage of knowledge for verification; and after it had been given the go-ahead for placement within the App Store, they changed it to a cryptocurrency wallet.


Alas, the very fact of the substitution wasn't detected in time and therefore the creators of the fraudulent software managed to profit quite well. The incident prompted an App Store audit, which resulted within the removal of several apps from the shop. What quite applications it's , what percentage of them clothed to be and what they were using, the corporate doesn't announce.


As per the user, “User trust is at the inspiration of why we created the App Store; and that we have only deepened that commitment within the years since,” said Apple spokesperson Fred Sainz. “Study after study has shown that the App Store is that the most secure app marketplace within the world; and that we are constantly at work to take care of that standard and to further strengthen the App Store’s protections. Within the limited instances when criminals defraud our users, we take swift action against these actors also on prevent similar violations within the future.”


It is worth mentioning that an identical fraudulent Trezor app was created for Android devices also. But Trezor then managed to warn users that it didn't have a mobile application; and warned them against installing fake apps. An identical notice was sent to Google, which quickly removed the fake Trezor wallet last December.