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A new malware called ScarePakage seizes mobile phones and pretends to be the FBI in order to coerce users to hand over money to have the device set free.
Scammers who take over smartphone processors can use them to mine for bitcoins, and they can generate a good amount of value too--if they commandeer more than 14 million devices. That's the number of Galaxy S3s needed to mine a single bitcoin in one day, according to a blog post from cybersecurity firm Lookout.
Mobile security company Lookout discovered five apps on the Google Play market that provided more than the "beating heart" and "epic smoke" wallpapers they advertised. Hidden beneath the animated veneer was malware that forced the user's smartphone to download Bitcoins, which were then transferred to proxy accounts.
Quick takes on mobile IT news for Tuesday, 12/17 including: the ever-evolving leadership of BlackBerry, acquisitions plans by Intel in order to become power player in the mobile chip industry, the rollercoaster of tablet sales, plans for mobile ad revenue to blast off and who is being affected by the strong malware found by security firm Lookout that allows attackers to make phone calls through your device.
Mobile security software firm Lookout has raised $55 million in strategic funding from investors including Deutsche Telekom, Qualcomm Ventures, Greylock Partners and Mithril Capital Management. Existing investors Accel Partners, Andreessen Horowitz, Index Ventures and Khosla Ventures also participated in the round, which nearly matches the $75 million in funding Lookout has raised since launching in 2007.
Samsung is expected to announce Wednesday that it is beefing up security for its Android phones by teaming with anti-virus software firm Lookout, according to a report by the Wall Street Journal.
Samsung Electronics is teaming with security solutions firm Lookout to install antivirus software on all of its forthcoming smartphones running Google's Android.
Many privacy regulators and some businesses have expressed concerns that Google Glass could be used by the wearer to video record other people without their knowledge or consent. But none of them mentioned the risk that Google Glass could spy on its user.
T-Mobile USA is partnering with Lookout on Automatic App Security, a preloaded application designed to protecting Android smartphones and tablets against potential threats.