A set of Russian malware distributors called the attention of a mobile security software company Lookout Inc. in which they discovered that the groups responsible operated as smartly and effectively like a well-organized small tech business.
The vast increase in the popularity of android phones, smart phones and tablets has formed a new major threat target, the mobile application. Hackers sought the opportunity of having numerous numbers of applications available on the web, on which they can easily disguise and prey on unwitting victims by distributing malicious code.
The Lookout thru an email sent to NBC News explained that this type of fraud isn’t quite as ordinary here yet: “It appears that they've cut back on targeting western countries because they're having more success in Russia and the Eastern bloc. In the past we've even seen SMS fraud targeting the U.S. and Western Europe," they wrote.
Seem like there’s no need to be alarmed just about yet.
Individuals become victims as they are and open to an access to molest their precious data, when they unsuspectingly access the web in search of free games or application and install various applications on the device without having to do any research on the application or its developer, the end result, a malware application which fraudulently scams money.
When Lookout had tracked thousands of numerous twitter accounts and fake websites that lure unwitting users, they have discovered that it surprisingly led back to some professional and legitimate looking organizations. This is a booming business for Malware HQs, raking tons of cash through fraud, with all credits to the booming mobile sector. An approximate 50,000 puppet accounts linking to malware had been found and shut down by the Lookout.
Due to escalating threat presented by mobile applications, web users should be more intelligent and be more careful. Being a victim in this kind of fraud can be a choice. It is still best to stick to well-established and well-known websites and app stores in downloading your wanted game or application.
