Mobile Application Security

Do you know a 680% increase in fraudulent mobile app transactions since 2015? An average of 82 rogue mobile applications per day last year across most popular app stores.

A mobile app, also known as a mobile application, is a software program developed for mobile devices, such as smartphones and tablets. Our daily lives depend on apps for instant messaging, online banking, business functions, and mobile account management.

Mobile application security refers to a comprehensive security solution for mobile applications running on mobile devices, such as smartphones and tablets. It is the measure and means of defending mobile apps from digital fraud in the form of malware, hacking, and other criminal manipulation.

• 38% of mobile applications for iOS and 43% of Android apps are having high-risk vulnerabilities.
• 76% of mobile applications are having un-secured data storage found on both platforms. Passwords, financial information, personal data, and correspondence are at risk.
• 89% of vulnerabilities can be exploited using hacking malware.

More than a decade after the first smartphones were sold, it can sometimes seem like there’s an app for everything and every business. Even if you’re a small or medium-sized business, there’s a good chance that you have your own app. And even if you don’t, there’s an even better chance that some part of your business’s normal operations is carried out via an app. As apps are integrated into critical business functions and gain access to sensitive data, however, so do the security challenges they pose.

Hackers use mobile not just as a vehicle for launching phishing, malware and other attacks, but also as a platform for resources that make it easier for them to carry out criminal activity and get away with it.

Cybercriminals are developing their own apps to increase their anonymity, avoid detection and otherwise keep anti-fraud forces from tracking them down and exposing what they’re doing. Based on 2018 data, 70 present of fraudulent transactions originated in the mobile

Channel. And 1 of 5 cyberattacks attributed to rogue mobile apps.

As organizations become increasingly digital, the challenge of finding and fighting cybercrime becomes tougher. Also, since mobile application security is still an emerging field, there are not as many resources available to counter threats.