Apple and Google react to Japan's Mobile Software Competition Act, allowing alternative app stores and payment options to developers. Potential risks include malware, fraud, and privacy threats. Apple collaborates with regulators for user safety.

Apple Inc. and Google-parent Alphabet Inc. have made notable adjustments in response to Japan's Mobile Software Competition Act. The act permits developers to distribute apps through alternative app stores and manage payments for digital goods outside of Apple's in-app purchase system. While this presents new opportunities, concerns arise regarding potential risks like malware, fraud, and privacy threats. Apple, in cooperation with Japanese authorities, has implemented measures to protect users, particularly younger individuals. These alterations were put into effect on Thursday and aim to enhance app store competition in Japan. More details can be found on Benzinga.com.