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Stupid App question..

I am new to downloading apps on a smartphone, but I see that many of them are made by what appears to be individual people, and are free, does this mean there is any kind of concern for any virus, or others (or the app maker) to get into my info. I know it tells you the app will have access to all of your phone data.. should I be at all concerned with the possibility of anything happening from getting free apps made by individuals?
 

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