A new Android banking trojan is also ransomware

The Xbot is not widespread yet but is targeting devices in Australia and Russia.
By Jeremy Kirk
A new kind of Android malware steals online banking credentials and can hold a device’s files hostage in exchange for a ransom, delivering a particularly nasty one-two punch.
The malware, called Xbot, is not widespread yet and appears to be just targeting devices in Australia and Russia, wrote researchers with Palo Alto Networks in a blog post on Thursday.
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Source: http://www.csoonline.com/
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