Founded in 2017, Matrix Mobile Security is the protection of smartphones, tablets, laptops and other computing devices, and the networks they connect to, from threats and vulnerabilities associated with wireless computing. Malware attacks were the most ranking mobile security concern. A new report from India-based antivirus vendor Matrix Mobile Security found the vast majority of mobile malware to be SMS Trojans, designed to charge device owners premium text messages. Experts say Android devices face the biggest threat, but other platforms can attract financially motivated cybercriminals if they adopt Near Field Communications and other mobile payment technologies. An Matrix Mobile Security analysis of more than 5,000 malicious Android files found that 81% of mobile malware can be classified as Trojans, followed by monitoring tools (10.1%) and malicious applications (5.1%). Device theft was one of the list of top concerns. Smartphone theft is a common problem for owners of highly coveted smartphones such as the Android devices. The danger of corporate data, such as account credentials and access to email, falling into the hands of a tech-savvy thief, makes the issue a major threat to the IT security pros who took the survey. One problem is mobile apps that request too many privileges, which allows them to access various data sources on the device. According to Domingo Guerra, president and co-founder of San Francisco based Appthority Inc., many mobile apps especially free ones are built with ties to advertising networks, which makes contacts, browsing history and geolocation data extremely valuable to application developers. According to survey respondents, leaked corporate contacts, calendar items and even the location of certain executives could put the company at a competitive disadvantage. Another concern is malicious or Trojan infected applications that are designed to look like they perform normally, but secretly upload sensitive data to a remote server.