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Lookout Mobile Security has named the new trojan virus as "the most sophisticated Android malware so far". The virus, named Geinimi, was made in china, like many of Wal-Mart's toys. It can easily access your phone via pirated apps.
Once installed, the phone can be controlled by a remote server. Luckily, Geinimi is only hidden in Chinese app stores.
Obviously, though, apps in the Google-controlled marketplace are not affected in any way whatsoever.
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