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Apple and Google take down malicious apps from their app stores

1. Apple and Google removed 20 apps linked to data-stealing malware. 2. The malware, SparkCat, targeted cryptocurrency wallet recovery phrases. 3. Over 242,000 downloads occurred via Google's Play Store. 4. Potential theft of personal information and funds is highlighted.

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FAQ

Why Neutral?

While malware risks can impact user trust, AAPL's core offerings remain unaffected.

How important is it?

Security issues may deter app downloads; however, AAPL's strong customer loyalty is a buffer.

Why Short Term?

Immediate effects on app store reputations may influence user behavior temporarily.

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