Hackers are exploiting web users that were too late in signing up for Google Wave, says Symantec

According to the security firm, web users worldwide are being encouraged to download an application that claims to offer access to Google Wave - a new invite-only online tool for real-time communication and collaboration.

However, the application is in fact malware which allows hackers to potentially steal senstive personal data from PCs.

Patrick Fitzgerald, security analyst at Symantec, said: “Cybercriminals have used Google Wave for the bait precisely because of current its popularity".

"Furthermore, using a trusted brand like this increases the chance of success for the attacker. Unfortunately, this technique is something fraudsters use all the time and internet users should be wary – if something appears too good to be true, then it usually is."

The security firm urged web users to be careful when clicking on links, only download software was from a reputable source and ensure your security software is up-to-date.

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