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Friday, August 03, 2012

Monetizing Android malware

Up until now, the usual method of monetizing Android malware had been to subscribe to premium SMS text message services owned by affiliates of the cyber-criminals. Other than this, monetization of malware on the smartphone platform had been rather difficult. Data can be stolen, but has not proven to be deemed as particularly valuable in the dark markets where such information is traded. It should come as no surprise, as users and security vendors alike start to wise up to the SMS dialling scams, that the bad guys should look to come up with something new.
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Co-founder of IT Security Thing Ltd, Davey Winder is a three time winner of the Information Security Journalist of the Year award (2006/2008/2010) and received the prestigious Enigma Award for his lifetime contribution to information security journalism in 2011.



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