The more we rely on our smartphones to store data and make payments, the more important it is for the OS to be secure.
I have a feeling there's going to be many more of these reports of flaws and malware attacks. Even if a system is secure, it doesn't account for user finger trouble or lack of knowledge in what's being loaded on their phone.
An Android flaw has been uncovered that lets malware insert malicious code into other apps, gain access to the user's credit card data and take control of the device's settings.Android Fake ID Bug Exposed [bbc.co.uk]
Google confirmed it had created a fix.