A new malware called FakeLookout.A which steals personal information from devices is still finding its way to the store.It has hidden itself within app called, “Updates” by developer Good Byte Labs and is designed to look like an update to the Lookout mobile security app. It steals user SMS/MMS messages and video files, as well as all the files on the user’s SD card and transmits them to a remote FTP server operated by the nasty malware maker.The owner of the FTP server has not been identified yet.
It hides its presence on the infected user’s device by removing itself from the device’s full Application List, leaving only a false and misleading icon in the Downloaded Apps list that uses the familiar logo of Lookout, and the name, “Updates.”
According to TrustGo Security Labs, the app was "designed to look like an update to the Lookout mobile security application". The virus was discovered by TrustGo.It was first spotted on October 15, 2012.TrustGo immediately notified Google and the infected app has been removed from Google Play, limiting the infection to a small number of users.
For the removal of this malware, users can use anti virus applications such as Lookout by TrustGo labs to remove this Trojan form their devices, if the anti virus program fails to remove then a hard reset of the device is advised for the removal of the Trojan, but remember to take a backup of the data before resetting the device to avoid losing important data.Recently, Google had started rolling out an update for Google Play.
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