What Is Mobile Application Security | TECHNOLOGY GUEST POST - LETSASKME

What is Mobile Application Security & How Does It Work?

Mobile computers have surpassed desktops and tablets in popularity. Not only are they portable, but technical advances have allowed them to execute virtually identical tasks to desktop computers. According to Techjury.net, smartphone apps developed through a mobile app development company have grown by more than 10% in the last year, and mobile devices account for almost 51% of the entire time spent online by the people of the USA.

Users use mobile devices for almost all things, including monitoring the news, reading addresses, text messages, ordering goods online, and conducting financial transfers. Businesses can collect useful information about consumers through these applications, such as their location, usage statistics, phone number, likes, dislikes, and other meaningful indicators, which can help businesses make specific choices to enhance their services. 

The data on these mobile devices can be dangerous to the consumer if it falls into the wrong hands. As a result, the need for mobile app protection by a mobile app development company has been unavoidable and a mobile app development company can go to great lengths to ensure the security of your apps.

What exactly is mobile app security? 

In today’s world, mobile app security has become equally critical. A break of mobile security can not only allow hackers real-time access to the user’s personal life, but it can also reveal details such as the user’s actual location, financial details, contact information, and much more.

The Impact of Mobile App Security

Consumers also rely on and trust organizations to assess their applications for security measures before making them available. However, IBM research uncovered startling facts. The figures above offer ample incentive for hackers to exploit security flaws in mobile apps, and hackers attempt to leverage any or more of the following from unsecured code: 

Customer Specifics 

Hackers obtain user credentials for any website or laptop, such as email, banking, social networking sites, and so on. Banking with Anubis Trojan is a well-known example of this category when it infiltrates the user’s smartphone by uploading infected files, some of which are also hosted on Android’s official app stores. 

Once compromised, the Trojan forces the user to send and receive SMS messages, read contact lists, request permission to access the device’s location, allow push alerts, and specify the IP address of the mobile connection, as well as access to personal files on the mobile device. 

WhatsApp explained in May 2019 that the messaging app was vulnerable to spyware from the Israeli company NSO group that could infect a mobile device simply by calling a WhatsApp customer from an undisclosed phone. And if the recipient does not answer the call, his or her computer will be infected. Once infected, the spyware could transfer almost all data from the computer to the hacker’s server, including contact lists, GPS records, media files, and so on. 

Financial Details 

Hackers may obtain credit and debit card numbers in order to conduct bank transactions, particularly if a one-time password is not necessary. Kaspersky researchers uncovered Ginp, a modern variant of the banking Trojan that can capture user credentials and credit card details from a user’s laptop. Its ability to monitor the device’s SMS functionality helps it to exploit banking functions. Its code was discovered to be exploiting 24 Spanish bank applications. 

Theft in Intellectual Property 

Hackers obtain the app’s codebase in order to make unauthorized clones or actually misuse the intellectual property of the corporation that owns the app. The more popular an app is, the more copies it is likely to find on app stores. For eg, Fortnite and PUBG Mobile were popular and were not available on Google Play, but several clones quickly became available due to their high popularity, so much so that Google had to alert its users at one point that the official Fortnite was not available on Google Play. A mobile app development company can ensure your IP is protected throughout the web.

Revenue Decrease 

It is possible to gain access to premium features of apps, especially utility and gaming apps, which generate revenue for the app’s owner. Bluebox, a mobile security firm, disclosed in 2016 how hackers were able to access premium features of popular apps Hulu and Tinder by leveraging security flaws in them and causing damages to their users. Hulu’s monthly subscriptions for the OTT streaming service were $7.99 a month at the time. 

Brand Satisfaction 

Aside from missing critical user records, the loss can also take the form of misused user details and complaints from interested parties. Although conducting security exercises has the advantage of keeping consumers loyal and trusting the company, the disadvantage is that customers’ confidence is lost forever. Companies must recognize that the confidence of their consumers in their brand is at the heart of their market. As a result, the business case for app creation should appropriately understand this part of the business.