Fake App Store hack helps steal iPhone users’ money
The AceDeceiver malware makes you think you’re buying a app on the App Store, but only deducts money from your without getting you the app
Some iPhone users in China are being conned by the AceDeceiver malware. The hack that makes you think you're buying a app on the App Store, but only deducts money from your credit card without getting you the app.
The Daily Star reported that, "A technique used for installing pirated iOS apps onto non-jailbroken Apple devices has now been deployed by criminals looking to compromise user accounts. Security firm Palo Alto Networks recently discovered what it's calling a new family of iOS malware that's capable of infecting non-jailbroken (stock) devices."
In July 2015 and February 2016, an app claiming to be a wallpaper resource passed Apple's stringent checks to make its way to the App Store. The App would then check if you're located in China and go into the malicious mode.
Using the iTunes to iPhone app transfer option, this software acted as a fake store for app and made money from the transactions that the users made. However, the app seems to have failed to acquire the credential of the users which would have allowed the hackers to gain unlimited access to the iPhone owner's credit card and accounts.