Crypto mining scams targeting tens of thousands of victims using hundreds of android apps
Lookout, Inc. announced the discovery of major crypto mining scams using hundreds of Android apps. Categorized into two distinct Android app families, BitScam and CloudScam, these apps were designed to target people interested in cryptocurrencies. In total, security researchers at the Lookout Threat Lab identified more than 170 apps that are estimated to have scammed more than 93,000 victims. The majority of these apps are side loaded based on the fact that only 25 were available for download on Google Play. Lookout has been in close contact with Google and the apps on Play have been removed.