Lockerpin Android ransomware takes the money and runs
by from Techreport on (#M512)
Researchers from ESET are warning US Android device users about a new strand of ransomware called "Android/Lockerpin.A." As the name implies, this particular nasty will lock the device with a random PIN, making the device useless without performing a factory reset, gaining root access, or using some sort of device management utility. Users are told they can pay the attackers $500 to unlock their device, but paying up actually won't help at all.
The malware comes in the form of a fake "Porn Droid" app, which isn't available in Google's Play Store. Users can obtain it in third-party app markets or piracy sites, though. After the victim installs the app, an "Update patch installation" ...