MALWARE THREAT: "We have been fortunate to date that there have been minimal bank losses from the mobile channel," says Aite's Shirley Inscoe. "Svpeng may well change that."

First Major Mobile Banking Security Threat Hits the U.S.

A breed of malware targeting mobile devices called Svpeng has made its way from Russia to the U.S. The malware looks for specific mobile banking apps on the phone, then locks the phone and demands money to unlock it.

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