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Wednesday, 18 May 2011 - Mobile hacking sets off security gold rush |
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    Edition: U.S. Article Comments (0) Global Technology Summit Mobile hacking sets off security gold rush Apple plans smaller SIM card Rovio aims for IPO in two to three years Gameloft bets on smartphone shift Symantec looking to buy LG Display, Samsung see depressed LCD market turning Corning cites Verizon for fiber optic boom ARM upbeat on pricing, Intel threat SK Telecom eyes $1.8 billion in LTE investments Video: AOL CEO sees growth in 2012, possible paid content Follow Reuters Facebook Twitter RSS YouTube Read Strauss-Kahn case sparks debate over media secrecy 5:56am EDT U.S. sues Starbucks for firing dwarf from barista job 17 May 2011 Queen revisits ghosts of Ireland's "Bloody Sunday" 11:37am EDT Tanks shell Syrian town as West increases pressure | 11:02am EDT "Sperminator" Schwarzenegger scorned over love child 11:00am EDT Discussed 100 Texas county official says ”stupid” feds sparked fire 79 Israel-Palestinian violence erupts on three borders 63 Boehner says ready to cut budget deal today Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Boot camp for rebels in Libya Sun, May 15 2011 Making a case against Strauss-Kahn Tue, May 17 2011 small business Can a Navy SEAL help your business? They took down the world's most wanted man, so helping your startup should be a cake walk. Here are some tips from a former SEAL about how to run a better business.  Full Article  Management Tip: Help your company shift course 5 time-saving ways for updating Web content Mobile hacking sets off security gold rush Tweet Share this By Leila Abboud and Marie Mawad PARIS (Reuters) - Hackers are increasingly aiming attacks at smartphones, touching off a race among software giants, startups and telecom operators seeking to cash in on ways to help consumers protect themselves. As... Email Print Related News SK Telecom eyes $1.8 billion in LTE investments 9:50am EDT HTC to tap tablet boom with many models Tue, May 17 2011 Apple plans smaller SIM card Tue, May 17 2011 PayPal is top brand for mobile payments: GfK survey Thu, May 12 2011 Google launches Chrome PCs, takes on Microsoft Wed, May 11 2011 Analysis & Opinion Rent-a-Google Summit-AT&T says NY network remains a challenge Related Topics Technology Home » Small Business » Media » Neil Rimer, co-founder of Index Ventures, attends the Reuters Global Technology Summit in Paris May 17, 2011. Credit: Reuters/Philippe Wojazer By Leila Abboud and Marie Mawad PARIS | Wed May 18, 2011 10:33am EDT PARIS (Reuters) - Hackers are increasingly aiming attacks at smartphones, touching off a race among software giants, startups and telecom operators seeking to cash in on ways to help consumers protect themselves. As the previously fragmented smartphone market coalesces around big operating systems like Apple's iPhone and Google's Android, it has become a more attractive target for hackers seeking to maximize damage with one hit. That's creating a big business opportunity for everyone from traditional antivirus players like Intel's McAfee to mobile operators like France Telecom and handset makers like Nokia. Market research firm Infonetics forecasts sales of mobile security software will grow 50 percent a year through 2014 to hit $2 billion. "The mobile security market will one day be bigger than that of computers," Neil Rimer, co-founder of Geneva-based fund Index Ventures, said at the Reuters Global Technology Summit. "It's a no-brainer that people will pay to protect their devices, and the market will not be owned by one big player." Rimer's fund has invested in three-year-old startup Lookout Mobile Security, which has racked up more than 2 million users by selling its software on Google's Android Market and via partnerships with operators like Verizon. Hackers attack mobiles in a myriad of ways. They can force phones to send hundreds of texts to paying services, steal account information when a person uses their bank website, or make fake phone calls to long distance numbers. The "app' craze in which people download small bits of software to do everything from play games to search movie times has also opened up new opportunities for cyber-criminals to infect phones. Unlike Apple, which reviews and approves all the offerings on its App Store, Google's Android Market allows developers to post their apps directly. That more open approach could leave Android more vulnerable to attack, according to security experts. The first significant security breach hit the Android Market in March when hackers added malicious code, known as a Trojan, to 58 popular apps and quickly infected 250,000 phones. According to a blog post from Google's Android security head, the company was forced to use its 'kill switch' to remotely erase the apps from users' phones and issued an update to its Android Market to patch the hole the hackers exploited. A recent study by telecom gear maker Juniper Networks found a fourfold increase in malware targeted at Android's operating system from June last year through January, while overall mobile attacks more than doubled. "We've seen issues on all platforms, Nokia's Symbian, Apple's iOS and Android," said John Hering, Lookout's founder. Some industry executives believe that the creators of operating systems bear much of the responsibility to safeguard smartphones. "The platform itself needs to provide a sufficient level of security then we can help with software," said Florian Seiche, who heads the European region for Taiwanese smartphone maker HTC. Meanwhile telecom operators are also trying to take a piece of the mobile security pie. Some 40 telecom operators including Vodafone and TeliaSonera have signed deals with mobile security specialist F-Secure to offer anti-virus software and anti-theft protections to smartphone customers. "Operators are very interested in offering security as a service to their customers as a way to generate revenue and promote customer retention," explained Sean Obrey, F-Secure's head of operator business development. These packages can cost anywhere from 5 to 10 euros a month, said Obrey. Eric Edelstein, head of Internet and mobile security at France Telecom said the group was tailoring its mobile security products and services to its different markets. The group, which markets its services under the brand name Orange, pre-packages security software on some smartphones in Britain, sends text messages to users with infected phones in Poland, and offers security services to its French customers for 3 to 9 euros a month. But some think it will take a major virus or worm on mobiles before consumers will be willing to pay extra for security protection on their phones as they do on their personal computers. "When you start asking them what's your willingness to pay for a solution, if they're not a little frightened, their willingness to pay is nothing," said John Stankey, the head of AT&T's enterprise business. AT&T plans to start marketing a security offering to consumers next year, Stankey said at the Reuters summit. "It'll take a little time for this to go mass market." (Additional reporting by Sinead Carew; Editing by Hans Peters) Technology Home Small Business Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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