Security News
Amazon Web Services, an Amazon.com company, announced Amazon Honeycode, a fully managed service that allows customers to quickly build powerful mobile and web applications - with no programming required. Amazon Honeycode does all of this under the covers by automating the process of building and linking the three tiers of functionality found in most business applications, and then deploying fully interactive web and mobile applications to end users so customers can focus on creating great applications without having to worry about writing code or scaling infrastructure.
The percentage of companies admitting to suffering a mobile-related compromise has grown, despite a higher percentage of organizations deciding not to sacrifice the security of mobile devices to meet business targets. A business mobile security solution needs to have a clear set of minimum abilities or features for securing devices and the information stored on them, and for enabling IT and security teams to remotely manage them easily.
A study of banking apps for iOS and Android found poor source code protection, cleartext storage of sensitive data, and other serious flaws that make it easy for attackers to break into accounts. A study of banking apps for iOS and Android has led researchers to conclude that "None of the tested mobile banking applications has an acceptable level of security."
Wireless carrier T-Mobile on Monday suffered a major outage in the United States that impacted service at other carriers as well, and it ended up being reported as a "Massive" distributed denial of service attack. Other carriers were also affected by the incident, but reportedly blamed the experienced technical issues on the outage impacting T-Mobile's network.
Qualcomm Technologies unveiled the Qualcomm Small Business Accelerator Program, designed to help small businesses convert to a mobile-first work environment necessary to thrive in today's business climate. With the launch of the Qualcomm Small Business Accelerator Program, Qualcomm Technologies and its ecosystem of partners have committed to provide technology products, services and support to US-based small businesses across various industries.
The increased use of mobile banking apps due to the COVID-19 pandemic is sure to be followed by an increased prevalence of mobile banking threats: fake banking apps and banking Trojans disguised as those apps, the FBI has warned. "Studies of US financial data indicate a 50 percent surge in mobile banking since the beginning of 2020. Additionally, studies indicate 36 percent of Americans plan to use mobile tools to conduct banking activities, and 20 percent plan to visit branch locations less often," the FBI pointed out.
High impact vulnerabilities in modern communication protocol used by mobile network operators can be exploited to intercept user data and carry out impersonation, fraud, and denial of service attacks, cautions a newly published research. The findings are part of a new Vulnerabilities in LTE and 5G Networks 2020 report published by London-based cybersecurity firm Positive Technologies last week.
The increase in mobile banking application usage is expected to lead to a rise in exploitation too, the Federal Bureau of Investigation warns. Over the past several years, mobile banking applications have seen wide adoption, and their use went up by 50% since the beginning of this year, an alert from the FBI's Internet Crime Complaint Center reveals.
As a result, the FBI said it expects cybercriminals to target banking customers with fake banking apps and app-based banking trojans. Phony bank apps spoof the actual apps of major banks to trick users into entering their account credentials.
Mobile health app Babylon, which states its company mission as putting "An accessible and affordable health service in the hands of every person on earth", has admitted to a software bug that went one step further than that. The user, named by the BBC as Rory Glover from Leeds in England, apparently used the app to check up on a prescription of his own, only to find that the "Consultation Replays" feature of the app contained a list of 50 videos for him to review.