Are you an Android phone user? Do you have an Android Bitcoin wallet application through which you conduct bitcoin transactions? If the answer is yes to any one of these two questions, then we have some bad news for you. A new security exploit may have left your phone vulnerable to remote hacking.
Most of the smartphone users in India user Android-powered phones. The recent security risk uncovered by Israeli security experts is called Stagefright exploit and it affects the smartphones running on Android versions 5.0 and 5.1. The phones affected by Stagefright bug are vulnerable to remote code execution, which will allow the hackers to access and execute programs on the affected phones without users’ knowledge. The Stagefright bug was discovered last year and it was found that most of the Android devices were vulnerable to the bug, that opened backdoors for hackers to access them. The vulnerability has since been fixed, but now a new iteration of the bug is again out there affecting a much smaller subset of Android devices. These devices running on Android Lollipop flavor make up to about 35 percent of all devices across the world.
The first security threat was immediately patched by Google’s engineers. Now, with the renewed threat, we are sure that the internet giant is all over it, trying to fix the vulnerability. However, it will take a bit longer for OEMs to patch the issue. Until then, it is advisable to not download any unauthorized applications on the device. If you are not sure whether your phone has already come in contact with the new iterated version of Stagefright, refrain from storing sensitive information or apps on the phone. Mobile bitcoin wallet and other banking app users should take extra care of their devices.
After all, it is better to be safe than sorry later.