Advertisement

Virus Infects Half Million Android Devices in China 

Aug. 20, 2012

A Santa Clara, Calif.-based mobile security firm on Friday said it has discovered a virus originating in China that enables hackers to take remote control of a mobile user’s SMS payment capability. TrustGo Security Labs said the aggressive Trojan!SMSZombie.A virus originated in China’s largest Android marketplace GFan. The virus, which has been found in seven apps in Chinese Android markets and has infected more than half a million users, is particularly dangerous, according to TrustGo, because it includes self-protection that makes it difficult to fight back against.

“By waiting to deliver malicious code until after installation, this virus is difficult to detect,” said Xuyang Li, CEO of TrustGo. “Sophisticated malware like this highlights the fact that the openness of the Android platform is a double-edged sword. Users are able to access an amazing breadth and variety of apps, but must take precautions to ensure the apps they want have not been compromised by hackers.”

 Average 4 out of 5
 Your Rating:
Your Review:
  

WP Pro

  • CNP Expo: PSPs on the Rise - May 21, 2013
    Some 150 PSPs are now in operation, including disruptive players like Square that are capturing a target market of young business people who have been overlooked by traditional financial institutions.
  • CNP Expo: Unique Fraud Challenges for Digital Goods Retailers - May 21, 2013
    For digital merchants, turning away legitimate business through fraud prevention measures is riskier to the life of their business than allowing a few fraudulent transactions, but fraud prevention remains a priority, since customer account takeovers and a high volume of fraud can close down a merchant site.
  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.

PV

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:
* Category:
Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here