In a recent warning to the users of Android devices, computer security firm Symantec has revealed that a fake Netflix mobile app is making rounds of late; and that the app has the potential to pilfer personal information.

Symantec, the security firm best known for its Norton antivirus software, has announced its plans to spend more than $1 billion during 2011 to enhance its capabilities in the fields of mobile, virtual spaces and cloud.

Speaking at the company’s annual Vision event in Barcelona, Symantec CEO Enrique Salem said that the company would spend up to $1.25 billion on acquisitions during the running year.

Symantec Corporation’s new Internet Security Threat Report paints a bleak picture of Web security.

According to the report, cyber-threats are skyrocketing in volume as well as sophistication. The report placed the US at the top in the list of cyberbads.

Internet security specialist Symantec has warned that the number of Web-based attacks jumped a whopping 93 per cent from 2009 to 2010.

The 2010 edition of Symantec’s annual Internet Security Threat Report also warns that sites containing porn is the most likely source of malware. The report claims that pornographic sites account for 49 per cent of all malicious websites.

Security firm Symantec has found Android threat in the form of an illegitimately copied version of a legitimate app called “Walk and Text”.

Security firm Symantec has warned that botnets like Bagle are stepping in to fill the void created the recent dismantling of Rustock.

As per some estimates, worldwide spam levels dropped 33 per cent when Rustock, which used to send as many as 13.82 billion spams daily, was taken down in a Microsoft-led operation in mid-March.