Thousands of Chinese and Indian Android devices infected by malware HummingBad

Thousands of Chinese and Indian Android devices infected by malware HummingBad

American media claimed that the network security researchers found the malware HummingBad had infected at least 10 million Android devices. According to the news of US Times magazine on July 5th, network security software producer Checkpoint Software Technology Co. Ltd. released the analysis report on this malicious software. The security company has been tracing the malware since February this year.

Thousands of Chinese and Indian Android devices infected by malware HummingBad

HummingBad allows cyber criminals to get the administrator rights of the infected Android devices and download applications and advertising without knowledge of the users, illegally acquiring up to 300,000 dollars revenue each month though the false advertising. The report said that the main victims of the malware are in China and India, with more than 1 million devices infected, while about 250,000 devices in US. It is found that HummingBad was developed by a team based in Beijing and Apple devices are getting similar attacks as well.

China and India will highlight Asian investment

On January 8th , the latest strategy report  from Julius Baer pointed out that Asia will continue to benefit from the favorable investment situation in 2015. The reason lies in the following three points: the long-term high correlation between Asian and European markets and the good prospects for the latter next year; the relatively loose monetary policy to be maintained by the world’s major central banks; the reasonable valuation in Asian stock market.

China and India will highlight Asian investment

The analyst in Julius Baer anticipated that China and India will become Asia’s best performing economies thanks to the diverse reform initiatives. Meanwhile, Japan’s performance can be expected as well, thanks to the local QE policies and the re-adjustment of pension allocation. In addition, the recent fall in oil price will benefit the economy in almost all Asian countries, enabling the government to apply the existing fuel subsidies to the fields that can enhance more the productivity, such as education and infrastructure, in order to further promote the long-term economic development.

Julius Baer emphasized that in addition to China’s A-shares, the other major Asian markets are highly correlated with the US and European market trends. Julius Baer Strategy Head Christoph Riniker predicted that next year the total return of the S & P index is about 4%, the return of the German Frankfurt DAX index is about 7%, which indicated that the overall market environment is quite favorable to the Asian markets. In view of the United States and Europe are the world’s two most important economies, the US Federal Reserve and the European Central Bank’s policies are very significant for the Asian economies and markets and currencies. The US FED led by economic liberals, the positive but not high economic growth and the low inflation have prompted the United States to launch the “normalization” process of interest rate in a slow and gentle pace. At the same time, the economic growth of the euro zone in 2015 forecasted at only 0.8%, the ECB’s loose monetary policy is bound to last longer.

A “BRICS Bank” to be launched

BRICS is planning to set up a bank together based on matching fund and equal right of speaking. The total fund will be $100 billion. The new bank may probably start lending in two years.

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BRICS Bank will highlight the growing influence of the emerging economies in the global financial landscape. This area has been long dominated by United States and Europe through IMF and World Bank.

China, India, Brazil, Russia and South Africa is expected to sign the agreement officially at the BRICS Summit, which is to be held in Brazil on July 15.

“The start-up capital of the bank is $50 billion and still needs to obtain legislative approval in these five countries. The new bank may start lending in two years.” said an Brazilian official.