Alibaba Rival Pinduoduo's Shopping App Was Taken Down From App Store, Russian Cybersecurity Firm Kaspersky Flags Tampering Vulnerabilities

·1 min read
  • Kaspersky Lab security researchers highlighted potential malware in PDD Holdings Inc (NASDAQ: PDD) Chinese shopping app Pinduoduo.

  • Last week Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGLGoogle suspended Pinduoduo after discovering malware in unsanctioned software versions.

  • The Russian multinational cybersecurity and anti-virus provider explained how the app could boost its privileges to vandalize user privacy and data security, Bloomberg reports.

  • It tested versions of the app distributed through a local app store in China, where Huawei Technologies CoTencent Holdings Ltd (OTC: TCEHY), and Xiaomi Corp (OTC: XIACF) (OTC: XIACY) run some of the biggest app markets.

  • Kaspersky found proof that earlier versions of Pinduoduo manipulated system software vulnerabilities to gain unauthorized access to user data and notifications.

  • Last week, Google suspended downloads of the Play Store version of Pinduoduo as a security precaution. Google also warned users to uninstall off-store versions of Pinduoduo.

  • Kaspersky, which the U.S. in 2022 flagged as a threat to national security, said it did not discover the malicious versions of the Pinduoduo app but drew on earlier research by Chinese cybersecurity analysts.

  • PDD has lately won market share from Alibaba Group Holding Ltd (NYSE: BABA) by chasing the poorer rural cities not penetrated by the more prominent players while aggressively expanding in North America with Temu.

  • Price Action: PDD shares traded lower by 1.28% at $72.57 premarket on the last check Monday.

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This article Alibaba Rival Pinduoduo's Shopping App Was Taken Down From App Store, Russian Cybersecurity Firm Kaspersky Flags Tampering Vulnerabilities originally appeared on Benzinga.com

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