A large-scale malware campaign has infected more than 10 million Android devices from over 70 countries and likely stole hundreds of millions from its victims by subscribing to paid services without their knowledge. GriftHorse, the trojan used in these attacks, was discovered by Zimperium zLabs researchers who first spotted this illicit global premium services campaign.

Link: New Android malware steals millions after infecting 10M phones
via http://www.bleepingcomputer.com