Google Play Store Expels Fraudulent Bank Apps

This is scary, I know it's in Russia were hacking like this is a little bit more prevalent and maybe easier to get away with a Fraudulent app since Google is primarily centered in the U.S. and clearly wouldn't have as much knowledge about banks in Russia but the fact they still managed to get into the App store is scary.

Combine this new with the results of the Antivirus testing of Android earlier are giving it an image of being overly vulnerable.

It's also sad news to hear a few people were duped and that the application was authentic and complex enough to not only trick a couple users but Google as well

This isn't going to stop unless you want to limit the amount of applications available to your consumers, and obviously no one wants to do that.  People just need to be more aware of what they are downloading, phishing is getting incredibly sophisticated.

 I remember in my AOL days, I always had a pop-up that said incorrect password, which was odd because my password was saved.  So every time it came up I'd just mash the keyboard and it would connect anyways.  After a few days I noticed during one of the log ins that my e-mail flashed up for half a second.  The next day I got a e-mail saying that the e-mail address I was attempting to contact was not a valid e-mail address.  So naturally I went to Hotmail, made the e-mail account that the passwords were being sent to, and by the 5th day I had 100's of AOL login names and password.  

  A short discussion with my neighbor reminded me of the possible legal issues with owning the e-mail address related to the password capturing program.  So I let the e-mail die out and continued on with my life.

I think that Google should take the time to verify the Apps on their store's pages. If we can't trust them to do so, why use them at all?

@Osunday - Firstly, this isn't hacking; it's simple social engineering, that is, using greed and stupidity against the greedy and stupid to remove their funds (if any).

Secondly, the "antivirus testing of Android" was conducted by paid flunkies of Apple and Microsoft. What sort of results would you expect them to report?

Simple caution, and a small amount of common sense, keep Android users safe, for the most part. If you think you can get free porn with a free app, you're a moron, and you'll get fleeced. You should have an iPhone instead.

Users are always the most vulnerable aspect of any system regardless of whether its Android, iOS or any other platform, caution and common sense are the greatest deterrent to exposed vulnerabilities.

and by "hacking" I didn't mean the literal technical term, what you said was more accurate since this is infiltration by social engineering and not literally breaching the banks security system and accessing things without the authority too . I'll try and be clearer with terminology in the future

how does any one know? if they allowed it on the site to be sold it looks more like they failed at the acceptance part of the App process. This looks more bad for google then it does for the bad guys...

RTietjens:

for the most part. If you think you can get free porn with a free app, you're a moron, and you'll get fleeced.

If you want porn to begin with, (free or otherwise) you need to work on getting a life,...............

*Tsssss*

HotHardware's Hot Burning burn of the month.
Lol