Smartphones have become an indispensable tool we use to do so much more than make phone calls and send texts, especially in how we handle our money. The pocket-sized devices can now replace your credit card for payment at a cash register, buy and sell stocks with the push of a few buttons, and allow you to instantly send funds to a friend while splitting the check at dinner. But even though this easy access to your money is convenient, it also opens up a whole new world of vulnerabilities that criminals can exploit. And now, experts are warning Android users that a hack targeting their phones could be putting their finances at serious risk. Read on to see what could be jeopardizing your personal funds.

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Over the past few months, Android users have been no strangers to warnings from Google and security experts about a string of new security threats targeting their devices. On June 14, antivirus company Dr. Web announced that it had discovered the popular PIP Pic Camera Photo Editor app on Google’s Play Store contained potentially dangerous malware. Once downloaded, the program can steal the user’s Facebook login credentials, which hackers can then use to commit identity fraud online, gain access to other accounts, and send scam messages to the victim’s contacts, The…

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