Cryptocurrency apps have severe security vulnerabilities, but do investors care?
A market cap of over $350 billion, daily volumes in excess of $10 billion, fast rising prices, a growing number of investors and little to no regulation all combine to make the cryptocurrency space a prime target for hackers. What's more, security is not exactly a main priority for many investors and exchanges, as numerous thefts go to show.
Making things even more complicated is the fact that lots of cryptocurrency apps, that let investors and trader store coins, have dangerous vulnerabilities that hackers can exploit to steal users' funds.
This is based on a report from security firm High-Tech Bridge, which analyzed the top 30 crypto apps in the Finance section on Google Play. High-Tech Bridge looked at apps with up to 100,000 installs, between 100,000 and 500,000 installs and over 500,000 installs, to cover some of the most-popular titles available to Android users.
