In addition to uninstalling the software from aflicted phones, Google is also taking measures to update the Market to prevent similar violations in the future. Google has come out with a new patch to fix the issue. Unfortunately, the cell phone providers are the ones in charge of making the patch available to users, so it's not going to take the same amount of time across the board. People at Google and other security experts seem to pretty convinced that the crooks didn't manage to gather any valuable information.
This whole malware story opens up a whole new can of worms: can Android remain open-source and be safe for users at the same time? Share your thoughts in the comments section.