I know what root access is. I just don't know what it would allow me to do on a phone. I guess it might allow me to make calls but that doesn't seem very productive. Would it allow me access to credit card information or bank details? I can't honestly see how since these shouldn't be stored on a phone. I guess it could delete everything which would cause me maybe an hour's vexation while the cloud synced. It might allow somebody to post stuff to Facebook on my behalf but most people have already authorised a bunch of apps to do that anyway.
Root access sounds awfully scary. But in simple terms, what would it allow a hacker to do here?
And back to the first question - what's the access method? As far as I can see, a hacker would have to get a dodgy version into an app store (not impossible but somewhat tricky) and then I'd have to download it. Or is there another way? Can this be executed via a QR code?
I'm not saying it isn't an issue. I'm suggesting that "Hacker News" might want to wrap some facts around its alarmism. They might also want to tell us why they consider 400,000,000 devices immune from this (there are 1.4 billion Android devices in the world - if their figures are accurate then there's about a 30% chance any given device would be immune. I'd be interested why.)