Malware writers exploit Instagram craze to distribute SMS Trojan

http://en.wikipedia.org/wiki/Instagram

In an attempt to take advantage of the popularity of free photo-sharing app Instagram among smartphone users, malware writers have created fake Instagram websites to distribute Android Trojan horses, according to security researchers from antivirus firms Sophos and Trend Micro. 

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Story added 19. April 2012, content source with full text you can find at link above.