US companies Google and Apple have removed more than 330 apps from their Play Store. This step has been taken after the intervention of the Australian Securities and Investment Commission (ASIC). According to the Fortune report, the ASIC found that those people with the illicit license are using these apps. They use these apps for binary trading. It was mentioned in the report,”In binary trading, it is estimated that which stocks in the business will climb or break in a short time, and after that, their customers make purchases based on those estimates.”
ASIC said that there is considerable risk in using these apps. Plus the illegal business is a bit new for Australia. ASIC has analyzed these apps in which it has been found that these app owners did not inform the users about the risk of such trading. It was also said in the report, “Instead he told the people that they can become rich immediately by using their app.”
Earlier a new malware information was also revealed. Its name is Lipizzan. This name is named after horse breed. This malware stole the information of emails, text, other messages, and contacts from target audiences. Along with this, it can record the calls of malware users. It also records screenshots and audio and video. During this time Google has also given information about some applications that are aimed at this malware. These include apps like Gmail, Hangouts, KakaoTalk, LinkedIn, Messenger, Skype, Snapchat, stock email, Telegram, Threema, Viber, Whatsapp.