Android Operating System is based on the Linux, means the vulnerabilities affecting Linux kernel have the possibility of being exploited in the Android platform.
It appears the recently discovered Linux local kernel privilege escalation vulnerability (CVE-2013-2094) is affecting the Android operating system.
According to Symantec researchers, the exploit for the kernel vulnerability has now been modified to work on Android platform. The security flaw allows hacker to gain complete control of the infected devices.
The researchers have warned that malware will take advantage of this exploit to access data from other apps, prevent users from uninstalling the malware, and allows them to send premium rate SMS.
We are not sure how much time Google will take to patch the bug. So, users are advised to download the apps only from trusted marketplaces.