Symantec announced its publication of new research conducted by the firm titled, “Motivations of Recent Android Malware.“ The report provides an analysis of the current monetizations schemes behind the malware targeting the Android mobile computing platform, as well as future schemes.
The report presented the top mobile malware monetization schemes observed by Symantec and includes premium rate number billing scams, spyware, search engine poisoning, pay-per-click scams, pay-per-install schemes, adware and mTAN stealing.
“Mobile technology is advancing at a rapid pace and cybercriminals are keeping close tabs on these developments,” said Eric Chien, technical director of Symantec Security Technology and Response.
“The marked increase in mobile malware — particularly that targeting the Android platform — is likely only the beginning in terms of both the quantity of threats and their sophistication,“ he added.
The report defines the potential revenue generating schemes that will most likely be used in the future and that are assured to bring cyber criminals a return on their investment. The findings also highlight three factors, open platform, a ubiquitous platform and sufficient attacker motivation, needed for mobile malware to reach levels of sophistication and breadth seen with threats targeting PCs.