Android Malware – iBanking steals passwords

This is a typical example how malware authors make money.

They sell their programs and have other people make the attacks on you.

RSA blogs has the story  – RSA is a security division of EMC company which has security encryption

RSA was one of the first practicable public-key cryptosystems and is widely used for secure data.

 

We recommend that you do not use SMS banking – as it is done over text.   You should not use such a weak encrypted method

Here the EFF recommends not to text over SMS anything you dont want others to see.