A new trojan known as Spitmo is targeting Android devices already infected with the desktop version of SpyEye. The tricky program disguises itself as security software that users must install to utilize a bank's online service. The trojan intercepts SMS messages from those who are foolish enough to take the bait.
The SMS info allows the hackers to access pass codes used by banks to stop password phishing. The trojan is easily avoided by not downloading everything you come across, and only using trusted sources like the Android Market.
A few weeks ago a new variant of the DroidKungFu malware was discovered to be infecting Android devices. The GingerMaster virus used a file named gbfm.png to attack devices using Android 2.3.
[via The Register]