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Apple Thwarts $2 Billion in App Store Fraud, Rejects 1.7 Million App Submissions

Apple Thwarts $2 Billion in App Store Fraud, Rejects 1.7 Million App Submissions

May 18, 2023 Mobile Security / App Sec
Apple has announced that it prevented over $2 billion in potentially fraudulent transactions and rejected roughly 1.7 million app submissions for privacy and security violations in 2022. The computing giant said it terminated 428,000 developer accounts for potential fraudulent activity, blocked 105,000 fake developer account creations, and deactivated 282 million bogus customer accounts. It further noted that it thwarted 198 million attempted fraudulent new accounts prior to their creation. In contrast, Apple is estimated to have booted out 802,000 developer accounts in 2021. The company attributed the decline to new App Store "methods and protocols" that prevent the creation of such accounts in the first place. "In 2022, Apple protected users from nearly 57,000 untrustworthy apps from illegitimate storefronts," the company  emphasized . "These unauthorized marketplaces distribute harmful software that can imitate popular apps or alter them without the cons
23 Android Apps Expose Over 100,000,000 Users' Personal Data

23 Android Apps Expose Over 100,000,000 Users' Personal Data

May 20, 2021
Misconfigurations in multiple Android apps leaked sensitive data of more than 100 million users, potentially making them a lucrative target for malicious actors. "By not following best-practices when configuring and integrating third-party cloud-services into applications, millions of users' private data was exposed," Check Point researchers said in an analysis published today and shared with The Hacker News. "In some cases, this type of misuse only affects the users, however, the developers were also left vulnerable. The misconfigurations put users' personal data and developer's internal resources, such as access to update mechanisms, storage, and more at risk." The findings come from an examination of 23 Android apps available in the official Google Play Store, some of which have downloads ranging from 10,000 to 10 million, such as Astro Guru , iFax, Logo Maker , Screen Recorder , and T'Leva . According to Check Point, the issues stem from mi
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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