A few weeks ago there was a developer on Android Market named Droid09 who uploaded a malicious application to Android Market. Apparently the dev’s apps POSED as official banking applications but instead were just “shells” with the purpose of stealing your personal information and banking logins/passwords.
Ouch, not good…not good at all. I suppose that is the price you pay for their Android open system and little or no application approval process…or rather complete lack of it. I must say the Apple AppStore thing has never bothered me, not because I am some rampant Apple fanboy who thinks they can do no wrong but rather I think there are more important things to worry about in the world.