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Google Sues App Developers Over Fake Crypto Investment App Scam

Google Sues App Developers Over Fake Crypto Investment App Scam
Apr 08, 2024 Investment Scam / Mobile Security
Google has filed a lawsuit in the U.S. against two app developers for allegedly engaging in an "international online consumer investment fraud scheme" that tricked users into downloading bogus Android apps from the Google Play Store and other sources and stealing their funds under the guise of promising higher returns. The individuals in question are Yunfeng Sun (aka Alphonse Sun) and Hongnam Cheung (aka Zhang Hongnim or Stanford Fischer), who are believed to be based in Shenzhen and Hong Kong, respectively. The defendants are said to have uploaded about 87 crypto apps to the Play Store to pull off the social engineering scam since at least 2019, with over 100,000 users downloading them and leading to substantial financial losses. "The gains conveyed by the apps were illusory," the tech giant said in its complaint. "And the scheme did not end there." "Instead, when individual victims attempted to withdraw their balances, defendants and their co

Google now requires app developers to verify their address and use 2FA

Google now requires app developers to verify their address and use 2FA
Jun 29, 2021
Google on Monday announced  new measures  for the Play Store, including requiring developer accounts to turn on 2-Step Verification (2SV), provide an address, and verify their contact details later this year. The new identification and two-factor authentication requirements are a step towards strengthening account security and ensuring a safe and secure app marketplace, Google Play Trust and Safety team said. As part of the changes, individual users and businesses in possession of Google Play developer accounts will be asked to specify an account type (personal or organization), a contact name, their physical address, as well as verifying the email address and phone number provided during account creation. In addition, the search giant is also mandating users of Google Play Console to sign in using Google's 2-Step Verification to prevent account takeover attacks. According to the timeline shared by Google, developer account owners will be able to declare their account type a

GenAI: A New Headache for SaaS Security Teams

GenAI: A New Headache for SaaS Security Teams
Apr 17, 2024SaaS Security / AI Governance
The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo
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