BEWARE : Crypto Wallets Apps on Google Play and the App Store
- Don’t get carried away with installing mobile applications without much need;
-Add Two Factor Authorization-identification to all applications on the smartphone;
-Be sure to check the links to applications on the official site of the project.
Victims of hacking are most often smartphone owners with Android operating system, which does not use Two Factor Authentication (2FA) — this requires not only a password and username, but also something that user has on them, i.e., a piece of information only they could know or have on hand immediately, such as a physical token. The thing is that Google Android’s open operating system makes it more open to viruses, and therefore less safe than the iPhone, according to Forbes. Hackers add applications on behalf of certain cryptocurrency resources to the Google Play Store. When the application is launched, the user enters sensitive data to access their accounts and thereby gives hackers access to it.
One of the most famous targets of a hacking attacks of this type were traders of the American cryptocurrency exchange Poloniex, which downloaded mobile applications posted by hackers on Google Play, pretending to be a mobile gateway for the popular crypto exchange. The Poloniex team didn't develop applications for Android, and its site doesn't have links to any mobile apps. According to Lukas Stefanko, a malware analyst at ESET, 5,500 traders had been affected by the malware before the software was removed from Google Play.
Users of iOS devices, in turn, more often download App Store applications with hidden miners. Apple was even forced to tighten the rules for admission of applications to its store in order to somehow suspend the distribution of such software. But this is a completely different story, the damage from which is incomparable with the hacking of wallets, since the miner only slows down the computer operation.
The DigitalBank Crypto Vault : The World's Most Secure Crypto Storage Solution
Impenetrable Crypto Wallet : private keys never stored , anywhere , at any given time . The Private Key (PK) is safely generated by you , known only to you , and can be accessed only by you .
The Device generating the PK, is not storing at any given time the PK generated . It is generated by you , on the spot , with a passphrase , when needed , for just a few milliseconds , just to sign in the transaction and then disappear permanently from the device .