martinibuster - 10:34 pm on Jan 11, 2010 (gmt 0)

Reported by ComputerWorld [computerworld.com],

BayPort Credit Union of Newport News, Va., posted its alert ... "It is believed that fraudsters deployed fraudulent mobile banking applications to the Android Marketplace, using a phishing technique to attempt to gain access to mobile banking users financial information," said BayPort's warning.

Several banks reported on December 15th of possible malware apps that were stealing customer account information. Researchers could not confirm the reports since the applications were withdrawn before they could be tested, but they warn that the way Google runs the store allows the possibility for the spread of malevolent Android applications.

Unlike Apple... Google does not vet Android applications that appear in its online store. That's a security risk, said Hypponen, but he urged users not to overreact.