This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NQ Mobile(TM) Threat Alert: "Bill Shocker" Mobile Malware Takes Remote Control Of More Than 600,000 Users' Phones To Send Costly Messages





BEIJING and DALLAS, Jan. 30, 2013 /PRNewswire/ -- A recently discovered malware is potentially one of the most costly viruses yet discovered, warns NQ Mobile (NYSE: NQ), the leading global provider of mobile Internet services. Newly discovered by NQ Mobile's Security Research Center using the company's proprietary RiskRanker™ cloud scanning engine, the "Bill Shocker" (a.expense.Extension.a) virus has already impacted 620,000 users in China and poses a threat to unprotected Android devices worldwide.

(Photo: http://photos.prnewswire.com/prnh/20130130/CN50831 )(Logo: http://photos.prnewswire.com/prnh/20121224/CN34262LOGO )

How the Infection Spreads

Based on the findings of RiskRanker, a unique analysis system that automatically detects whether a particular app exhibits dangerous behavior, the Bill Shocker is an SDK designed by malware developers that infects several of the most popular apps in China, including Tencent QQ Messenger and Sohu News. The infected versions of these apps are further distributed by third-party online app stores and retail installation channels.

What the Infection Does

Bill Shocker downloads in the background, without arousing the mobile device owner's suspicion. The infection can then take remote control of the device, including the contact list, Internet connections and dialing and texting functions. Once the malware has turned the phone into a "zombie," the infection uses the device to send text message to the profit of advertisers. In many cases, the threat will overrun the user's bundling quota, which subjects the user to additional charges.

RiskRanker, which identifies potentially dangerous apps before they have the opportunity to impact users' phone bills, has determined that Bill Shocker is capable of upgrading itself and of automatically expanding to other apps, multiplying the potentially disastrous effects.  



How NQ Mobile is Mitigating the Threat

Because Bill Shocker can be used to send costly messages remotely, NQ Mobile believes it poses a serious threat to Android users. The inoculation has been posted to NQ Mobile's cloud-based security offering, ensuring the company's customers are safe from the threat. With a 63 percent market share in China[1], the majority of the most at-risk mobile devices have been inoculated automatically. NQ Mobile has also alerted Chinese mobile carriers of the threat to prevent its further spread.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs