LONDON, U.K: The newly published Visiongain research shows that the number of mobile malware more than doubled in 2011 from 2010.
According to the report findings, popular PC-related viruses, such as the ZeuS phishing Trojan which steals banking information, have now infected mobile operating systems. Malicious software targeting mobiles is well developed and is already capable of stealing data, corrupting functions and usurping control.
The report notes that the cybercriminals are actively exploiting the popularity of smartphones and tablets. Low user awareness of the risks, and lax security enforcement within organisations are enabling easy opportunities for illegitimate monetisation. The recent high-profile exposure of Android malware has prompted the rise of a lucrative market for security software and services for mobile devices.
This potentially huge market has many dynamics of monetization, user and enterprise habits, fierce competition and IT trends dictating its development. Visiongain expects the mobile security market to reach $3.95 billion in global revenues by 2016.
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