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Have you ever wondered how severely malware impacts Android users? Lookout Mobile Security has an answer – one million dollars.

According to Lookout, these ill-gotten gains generally come from malicious websites and apps that contain Trojans The Rise Of Smartphone Snooping & How To Check For It The Rise Of Smartphone Snooping & How To Check For It Snooping on computers has been a problem for decades. But snooping on a PC is an accepted risk, and one users often look out for. But what about your smartphone? Smartphones transmit location data and... Read More . Once installed, the software sends messages to premium-rate numbers and services. The owners of those numbers make off with the cash while the victim is left with an outrageously high mobile phone bill.

The malware known as GGTracker, which hit the United States in June, is one of the most recent examples of a severe SMS Trojan. Lookout claims to have detected many new threats in recent weeks as well, information that seems in agreement with an earlier report by Juniper Networks stating that Android malware Android Malware Has Increased 472 Percent Since July [News] Android Malware Has Increased 472 Percent Since July [News] Malware threats against phones were once few and far between, but anyone being honest with themselves knew that it was just a matter of time before hackers went after them in force. Now, Android is... Read More has increased significantly.

How do you protect yourself? Lookout doesn’t go so far as to specifically recommend its own security app, but having some form of anti-malware protection is a good idea. I stick by my recommendation of Kaspersky’s Mobile Security AV-Comparatives Reviews Android Security Apps, Finds Flaws [News] AV-Comparatives Reviews Android Security Apps, Finds Flaws [News] When it comes to information about computer security, few sources are as definitive as AV-Comparatives, an Austrian non-profit that focuses on researching anti-virus software. Recently, they released one of the first reports ever to focus... Read More . The report also states that users avoid third-party app stores, be wary of certain types of applications, and avoid shortened URLs, among other things. The suggestions are longer than this news article (the report is quite detailed) so be sure to read the full report.

Source: Lookout Mobile Security

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