It was recently discovered that an application on the Android Marketplace posing as a legitimate banking application was actually a cover for a phishing app attempting to gain user names and passwords. Although the malicious application was quickly identified and removed from the Android Marketplace it is still advised that you check your device for any applications from developer “Droid09” and delete them immediately. The application targeted customers of First Tech Credit Union. While the financial institution wishes to ensure customers know of this type of fraud, they also assure them that accessing their account via the web browser from your device is still 100% secure.
As a side effect of this incident we start to wonder whether Google’s application review process is really the most secure and effective. After a developer posts an application in the Android Marketplace users are able to download it within an hour. One of the largest positives to choosing Android over an iPhone for developers and users alike was the fact that applications would not sit through lengthy review processes and users could access any type of application no matter what functional purpose it served; besides malicious ones.
So I pose to you this question… Should Google review its Marketplaces policies and review process? Or is it fine as it is?
(via First Tech Credit Union)