Researcher at Symantec have detected a new type of Ransomware

Ransomware is now targeting mobile devices and it looks like an anti-virus application.  Once the application has been installed, some users may see the following results:

1) many users will not have the capability to uninstall the malicious app because the malware will attempt to prevent other apps from being launched

2) the threat will also change the setting of the operating system which can lead some users with the inability to perform a factory data reset

Ransomware is a pay per install program from many criminals. It scams people out of money and for every install the criminals earn a double payday.  Ransomware encrypts valuable data such as images, music, documents, and passwords.  Even though this program is poorly created, it prevents legit security application from working properly and limiting Web access.