Security News > 2020 > August > Know the threats to mobile security

According to a recent report by Malwarebytes, mobile banking malware has surged over recent months, focused on stealing personal information and using weakened remote connections and mobile devices in a work-from-home environment to gain access to more valuable corporate networks.

Securing mobile is a laborious task that requires mobile app developers to factor in several entities, including device manufacturers, mobile operating system developers, app developers, mobile carriers, and service providers.

The reality of such a complex ecosystem is that mobile app developers are not always qualified to understand all the risks at play, which leads to unsecured mobile data, connections, and transactions.

A lack of digital security protocols like secure sockets layer and transport layer security in mobile banking apps makes it difficult to establish encrypted links between every entity that ultimately help prevent phishing and man-in-the-middle attacks.

Mobile security standards need to be a top priority for regulators, especially as new technologies and mobile malware continue to disrupt the market.

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