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Mobile malware has now become a profitable industry. Because of its global ubiquity as a phone payment mechanism, premium text billing is the most common tactic used by malware writers to commit financial fraud on mobile.
This class of malware, termed “Toll Fraud,” has become the most prevalent type of malware within the past year. Just one family of Toll Fraud malware, FakeInst, accounted for 82 percent of Lookout user detections in June 2012 and is estimated to have successfully stolen millions of dollars from people in Russia, the Middle East, and parts of Europe.
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http://www.net-security.org/malware_news.php?id=2260&utm_source=dlvr.it&utm_medium=twitter
