According to AVG, all versions of Android older than Android 4.2 have a vulnerability which a hacker can make use of to install malicious applications, send SMSs and more. This specific android vulnerability uses a property called WebView in Android which allows users to view web applications of web-pages as apart of the Android application itself.
As users you should never trust a third party application from third party markets. And once the android 4.2 update is available for you, update your device asap.
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