"Phone-y Money"

From McAfee blog:

"For-profit malware has been increasing on the PC side for quite a few years now. Viruses that hold your files hostage, trojans that steal banking information and adware that floods your computer with popup ads. Malware writers have shifted their goals from gaining notoriety or personal satisfaction from the spread of their creations to the goal of filling their wallets.

Recently though, McAfee Avert Labs has begun to see a similar trend in mobile malware. Most of the mobile malware that we’ve run across has been relatively harmless trojan horses. A few files have been replaced, or the phone fails to start when reboot. A hard reset to clear the phone memory and you’re back to normal, minus your stored phone numbers and calendar information. You might have lost any time spent adding new software or saved documents, but at least none of your private information has been stolen. J2ME/Redbrowser changed the entire situation."

[...]

"Stealing money in real life ranges from corporate embezzling to the common mugging. Where Redbrowser falls somewhere in between the two, J2ME/Wesber is closer to a mugging."

[...]

"With the recent SMiShing incidents, the rise in for-profit mobile malware is definitely troubling."