Malware writers are taking advantage of the popularity of the Instagram photo application to distribute a form of malware that can send background SMS texts from Android devices. Instead of downloading the app from Android s marketplace, some users are being duped into downloading a bogus version of the app. The attackers appear to be capitalizing on the growing buzz behind the photo sharing app that was purchased earlier this month by Facebook for $1B in cash and stock. The app has amassed over five million downloads since coming to Android on April 3.
Source: https://threatpost.com/fake-instagram-app-could-cost-unsuspecting-android-users-041912/76459/