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F-Secure Security Cloud is an online reputation service that provides the latest analysis and reputation rating for programs, files and websites. If a questionable program or file is found during a scan, a query is sent to the Security Cloud to get the most recent reputation rating for it.
Based on the settings of your F-Secure security product, it will then use the information from Security Cloud (and if needed, further analysis) to determine whether to delete, quarantine or block the program or file.
The Security Cloud rating for the identified app indicates that it has code similar to Riskware:Android/SmsReg. Most variants in the Riskware:Android/SmsReg family are similar to the first variant, SmsReg.A.
SmsReg.A is marketed under the name 'Battery Improve' and claims to help maximizes a device's battery usage. Unbeknownst to the user however, the application also collects the following information:
While apps with this behavior may be legitimately used by the device's authorized user, they are classified by security programs as riskware because in the hands of unauthorized users, they can also be used to cause damage to the user's data or the device.
If you are confident that you are aware of the risks involved in using the app and consent to its use, you may choose to keep the app installed on your device.