Lookout, a mobile security company, is warning Android settlers of a new trojan in the wild that can compromise a significant amount of personal data on a user’s phone and send it to remote servers.

The Lookout blog reports, “A new Trojan affecting Android devices has recently emerged in China. Dubbed ‘Geinimi’ based on its first known incarnation, this Trojan can compromise a significant amount of personal data on a user’s phone and send it to remote servers. The most sophisticated Android malware we’ve seen to date, Geinimi is also the first Android malware in the wild that displays botnet-like capabilities. Once the malware is installed on a user’s phone, it has the potential to receive commands from a remote server that allow the owner of that server to control the phone.”

“Geinimi is effectively being ‘grafted’ onto repackaged versions of legitimate applications, primarily games, and distributed in third-party Chinese Android app markets,” Lookout reports. “The affected applications request extensive permissions over and above the set that is requested by their legitimate original versions. Though the intent of this Trojan isn’t entirely clear, the possibilities for intent range from a malicious ad-network to an attempt to create an Android botnet.”

More info here.

MacDailyNews Take: The Android Tax. Ain’t so-called “open” grand?

Be a smart shopper: Wait a little bit for the Verizon iPhone. Don’t settle for a pale, insecure imitation as if you were a common Windows sufferer.

[Thanks to MacDailyNews Reader “Jax44” for the heads up.]