Alphabet Inc. (NASDAQ:GOOG) is paying researchers to find third-party apps that misuse customer data

Alphabet Inc. (NASDAQ:GOOG) is paying researchers to find third-party apps that misuse customer data

Alphabet Inc. (NASDAQ:GOOG) is paying researchers to find third-party apps that misuse customer data

Under increasing scrutiny by regulators and with security problems plaguing its Play Store and Chrome web browser, Alphabet‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has announced a new bounty program aimed at helping clean things up.

It comes at a precarious time for the Internet search giant. Business is booming, with revenue jumping 19% in the second quarter compared with a year ago, but regulators are closing in. The Washington Post reported that a handful of state attorneys general plan to announce an investigation into potential antitrust behaviors at Google as soon as this week. 

Google has little choice but to step up efforts to better police its Play Store for apps and harden its web browser. Its reputation is already under fire after high-profile cases of apps that installed malware on hundreds of thousands of users’ devices, and security holes in Chrome that left PCs vulnerable to hackers. 

In a blog post, Google said it will pay researchers $50,000 if they find incidences of abuse in which third-party apps steal or abuse users’ data. The new bounty program is called the Developer Data Protection Reward Program, or DDPRP, and targets third-party apps that have access to Google APIs in the Play Store, Chrome apps, and Chrome extensions.

“The program aims to reward anyone who can provide verifiably and unambiguous evidence of data abuse,” Google said in the blog post. It also announced that it’s expanding its bounty program for its Play Store. Now any Android app that has more than 100 million user installs will be included. 

The Play Store is known for malware-sending apps 

Google’s bounty program comes shortly after it temporarily kicked a popular scanning app, CamScanner, out of the Play Store for spreading malware that caused advertisements to pop up. The app was downloaded more than 100 million times since first appearing in the Play Store.

Google was forced to issue an emergency update for its Chrome web browser not long after. It was developed to fix a vulnerability that could enable hackers to remotely take control of PCs. The security hole didn’t pertain to Android or iOS versions of Chrome. Google said medium and large businesses and government agencies are the most at risk. 

Google is a prime target for fraud and misuse partly because of its billions of users. It sits on a trove of data and has adopted an open-source approach to developing apps for Android devices and extensions for its Chrome web browser. That isn’t lost on criminals and other opportunistic people. Over the years, the Play Store has been riddled with fake apps and nefarious ones that infect users with malware. 

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 1,276.80.

The projected lower bound is: 1,140.21.

The projected closing price is: 1,208.50.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 75.7775. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.63. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 29 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 86. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 1.590 at 1,206.000. Volume was 14% below average (neutral) and Bollinger Bands were 47% narrower than normal.

Open     High      Low     Close     Volume___
1,195.1501,210.0001,194.5801,206.000 1,260,115
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 1,189.63 1,169.95 1,133.87
Volatility: 22 37 34
Volume: 1,186,064 1,393,346 1,545,059

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 6.4% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 1 periods.

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