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Money-stealing apps hit 300,000 Android phones — what to do

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More than 300,000 Android users have installed rogue apps from the Google Play store that eventually develop into money-stealing banking Trojans through a series of incremental updates.

But not everyone who installs these apps will be infected, explained researchers at ThreatFabric in a report posted yesterday (Nov. 29). Instead, the criminals controlling these apps are often selective about their targets, restricting malware installation to users who live in certain countries or are running desired banking apps.

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