In a new alert reported on by tech giant CNET, researchers have uncovered new security flaws in apps on all the major mobile platforms.  Apparently, by using this loophole some apps are able to record what other apps are doing.  Read More From CNET:

There’s a sneaky new security threat to smartphones: apps that spy on the data from other apps. Security researchers found that a malicious app can disguise itself as something harmless, like a wallpaper app, but run in the background to record what the user is doing in other apps. Watch this episode of CNET Update to learn how researchers were able to see the social security number typed into the H&R Block app, and steal the check images taken by the Chase banking app.

These malicious apps don’t require special permissions to tap into the device’s shared memory, so it can be hard to detect this scam:

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