{"id":65088,"date":"2022-07-29T16:17:09","date_gmt":"2022-07-29T13:17:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65088"},"modified":"2025-09-06T18:02:55","modified_gmt":"2025-09-06T15:02:55","slug":"google-and-apple-urged-to-report-on-measures-to-combat-fraudulent-crypto-apps","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/google-and-apple-urged-to-report-on-measures-to-combat-fraudulent-crypto-apps\/","title":{"rendered":"Google and Apple Urged to Report on Measures to Combat Fraudulent Crypto Apps"},"content":{"rendered":"<p>The Chair of the Senate Banking Committee, Sherrod Brown, <a href=\\\"https:\/\/www.brown.senate.gov\/newsroom\/press\/release\/sherrod-brown-presses-apple-google-protections-against-crypto-app-fraud\\\">called on<\/a> Alphabet and Apple to provide information on measures to prevent cryptocurrency fraud in apps hosted in their stores.<\/p>\n<p>Brown sent the corresponding letters to Alphabet CEO Sundar Pichai, the parent company of Google, and to Apple CEO Tim Cook.<\/p>\n<p>With this request to the tech giants, he sought to follow <a href=\"https:\/\/u1f987.com\/en\/news\/fraudulent-apps-botnet-for-hidden-mining-and-other-cybersecurity-developments\">FBI reports<\/a> about the activity of cybercriminals creating fraudulent apps for investments in cryptocurrencies. The agency recorded investor losses totaling more than $42 million.<\/p>\n<p>In Brown&#8217;s view, cryptocurrency companies must take the necessary steps to prevent fraudulent activity. However, it is equally important that app stores have corresponding security measures, he says.<\/p>\n<p>The senator asked Alphabet and Apple to report by August 10:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>on the process for screening cryptocurrency apps before they are approved for listing in stores;<\/li>\n<li>mechanisms to prevent phishing apps from spreading;<\/li>\n<li>systems for tracking fraud and removal measures if detected;<\/li>\n<li>operational procedures for notifying users about such apps.<\/li>\n<\/ul>\n<p>As Immunefi specialists note, in the second quarter of 2022, total losses of crypto projects from hacks and fraud <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-projects-lose-over-670-million-to-hacks-in-q2\">amounted to more than $670 million<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Banking Committee Chair Sherrod Brown urged Alphabet and Apple to provide information on measures to prevent cryptocurrency fraud in apps hosted in their stores.<\/p>\n","protected":false},"author":1,"featured_media":65089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1112,1480,1154,738],"class_list":["post-65088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-apple","tag-blockchain-apps","tag-crimes","tag-google"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=65088"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65088\/revisions"}],"predecessor-version":[{"id":65090,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65088\/revisions\/65090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65089"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}