iPhone and Android users issued warnings over apps targeting your bank account

A warning has been issued to both Apple iPhone and Android users across the UK over apps that could empty their bank accounts.

Installing certain apps on your phone may loose your pocket as experts share a caveat on phone apps used by cybercriminals to target your finances.

The National Cyber ​​Security Center (NCSC) has warned that personal data and finances are at risk due to fraudulent apps containing malicious software or poorly developed apps that can be compromised by hackers.

Government calls for new security requirements on mobile phones

The government has proposed app stores on smartphones, game consoles, TVs and other devices that can commit to a new code of practice setting out baseline security requirements.

The Department of Digital, Culture, Media and Sports (DCMS) has sought views from the tech sector on the plans.

They propose placing new security and privacy requirements on app developers as well as the App Store, which includes a vulnerability reporting process for each app, and requires greater transparency from apps that they personalize. Why would you want access to information such as contact lists. user location.

The plans come in response to a report from the National Cyber ​​Security Center (NCSC), which warned that personal data and finances are at risk due to fraudulent apps containing malicious software or poorly developed apps that could be compromised by hackers. .

DCMS said that despite the UK app market being £18.6 billion, there are some rules governing security around apps and the stores that host them – although all major app stores have their own terms of service and content rules.

“The apps on our smartphones and tablets have greatly improved our lives – making it easier to shop at the bank and online, and to stay connected with friends,” said Cyber ​​Security Minister Julia Lopez.

“But no app should put our money and data at risk. That’s why the government is taking action to ensure that the App Store and developers raise their security standards and better protect UK consumers in the digital age. ,

Experts warn that iPhone and Android users are increasingly at risk

The NCSC said the proposed code of practice will help reduce the risk of malicious apps reaching consumers.

“Our devices and the apps that make them useful are increasingly essential for people and businesses and App Stores have a responsibility to protect users and maintain their trust,” said NCSC Technical Director Dr. Ian Levy.

“Our threat report shows that there is more to the App Store, with cybercriminals currently using vulnerabilities in the App Store on all kinds of connected devices to cause harm.

“I support the proposed code of practice, which demonstrates the UK’s continued intent to fix systemic cyber security issues.”

DCMS said the call for ideas would be open until the end of June, with a response to the feedback published later this year.

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