Australian security teams that trust software marketplaces to vet software before it reaches employees’ phones or enters production pipelines are being handed a costly reminder that platform approval is not a security control.

A recent lawsuit accusing Apple of hosting a fake cryptocurrency wallet app for months, despite repeated public warnings, is forcing Australian boards to confront how much software due diligence they have quietly handed over to the gatekeepers of the software they rely on.

Three investors filed suit against Apple in the US District Court for the Northern District of California on July 24, alleging the company’s App Store review process failed to catch a counterfeit version of Sparrow Wallet, a legitimate…