F-Secure: A New Century in Mobile Malware
Image source: F-Secure
And this is exactly why I said earlier that I will not trust any sort of "touch-and-go" e-money system via mobile phone until security is addressed more thoroughly. "Where there's money, there's motive."
JP writes over on the F-Secure "News from the Lab" Blog:
In less than half a year our tally of mobile malware has doubled to 200. Many of those in that count are variants of already detected viruses, but the speed at which the number grows has real implications for all those with unprotected smartphones. At the least, this is a testing ground. What comes next?
FlexiSpy demonstrates well that your privacy can be violated. RedBrowser is a good example of social engineering being implemented. The techniques that work with PC malware are being tested on the mobile side.
Text-Payment and Mobile Wallet services are now being introduced by Mobile Service Operators - and where there's money, there's motive. Growth of these services could easily augment malware's attention to mobile platforms. Operators and device vendors need to continue to factor this into their business strategy and design.