Click-jackers swipe revenue from mobile ad networks

Click-jackers swipe revenue from mobile ad networks
Two forms of illegal activity are taking place on smartphones these days, according to a weekend story in USA Today which cites two recent reports on handset security. Most of this activity is taking place on Android handsets. Phony ads with offers that seem to good to be true, or ads containing mobile porn are being sent out with malware that aims to steal your contacts list. Even free apps might contain malware that can help someone with prying eyes steal your contacts list. More than 20% of malicious software comes as a result of clicking on a mobile porn site.

Before you click on an email, look at it carefully as you might be able to tell the difference between a legitimate message and a fake one by finding errors in spelling or grammar. And be wary. Just because an email looks legit, it could be a case of phishing where the ultimate goal is for you to send personal data like social security numbers and passwords to an anonymous third party. This information is either used or sold to others to help drain your financial accounts. Most legitimate companies will not ask you for you data like that to be sent over email.

Besides stealing data from your phone, there is a group of criminals called click-jackers that get you to click on a real ad. But instead of seeing the ad you want, you are forwarded to a different mobile advertisement for something you have no interest in. This generates revenue for the click-jacker and since no money is coming out of your pocket, you are none the wiser.

While malware seems to be targeted at Android for now, a recent study found that 67% of iOS devices are running without the latest security upgrades and patches. Luckily, most of these problems have been nothing more than a nuisance to smartphone users and mobile ad networks. Once the problem starts to cost someone real money, only then will we see a push to get solutions.

source: BlueCoat via USAToday

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