September 8, 2012
Cyber-thieves cash in on mobile phone fraud
Viruses that steal cash from phone owners now make up two-thirds of all mobile malware, suggests a report. [via the BBC]
In nine months viruses that steal cash have jumped from 29% of mobile malware to 62%, found the report by Lookout.
Mobile security firm Lookout said the growth was down to phone fraudsters industrialising their scams.
Viruses were getting on to phones via booby-trapped apps and through adverts and webpages harbouring malware, it said.
Phone fraudsters were increasingly using viruses that surreptitiously added charges to a user's bill to cash in.
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