FEATURE : MOBILE SECURITY
Lookout has revealed findings that warn against various types of threats to mobile devices . From cryptomining scams using Android apps , to mobile phishing exposure doubling among financial services , users need to be on the ball when it comes to cybersecurity .
Lookout , an integrated endpoint-to-cloud security company , has announced the discovery of major cryptomining scams using hundreds of Android apps . Categorised into two distinct Android app families , BitScam and CloudScam , these apps were designed to target people interested in cryptocurrencies . In total , security researchers at the Lookout Threat Lab identified more than 170 apps that are estimated to have scammed more than 93,000 victims .
The majority of these apps are side loaded based on the fact that only 25 were available for download on Google Play . Lookout has been in close contact with Google and the apps on Play have been removed .
The BitScam and CloudScam apps advertise themselves as providing cloud cryptocurrency mining services for a fee . After analysing the apps , Lookout researchers found that no cloud cryptomining actually
Lookout reveals scams targeting mobile devices
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