Mobile users comprises up a larger portion than desktop users despite generally being seen as less secure platform their desktop counterparts. For this growing group of users, mobile application security is a big concern. It was found that 82% of consumers would change applications if an alternative app was more secure (Arxan Technologies 2016). This is particularly important as there are major vulnerabilities in popular applications that could potentially shift large user bases. In 2014 it was discovered that a majority of popular applications, regardless of paid or free apps, had been hacked, including an alarming 100% of the top 100 paid apps on the Google Android platform (Security Intelligence 2015). Mobile platforms are generally regarded
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About 50% of organizations have no resources allocated towards mobile security and around half feel that their app will be hacked within the next 6 months (Arxan Technologies 2016). And although budgets for security are increasing in general, the feeling is that it is still not enough to create a formidable security solution. Organizations also feel that the use of mobile applications has increased their security risks by a very significant amount. These vulnerabilities can lead to major implications such as data breaches and loss of consumer information which as seen in the Target and Home Depot examples, can be very expensive.
As a whole mobile security presents a significant risk and we have already seen major vulnerabilities in major applications. These trends are expected to continue and emphasize the need for better processes and standards for the entire industry.
3. Potential Impacts of …show more content…
This is obviously very potentially costly, but many developers are beginning to feel comfortable rolling the dice and instead choosing to make an appropriate response whenever a breach occurs. The explosion of growth for mobile applications has led to organizations rushing to get applications to market. They are prioritizing other activities such as marketing and developing a userbase prior to implementing security. What is security good for if there is nothing to protect it? The belief, particularly for young companies and startups, is that limited resources would be served better developing the application and if the application fails that the additional funds spent on security were worthless and could have been put to better use in marketing or
About 50% of organizations have no resources allocated towards mobile security and around half feel that their app will be hacked within the next 6 months (Arxan Technologies 2016). And although budgets for security are increasing in general, the feeling is that it is still not enough to create a formidable security solution. Organizations also feel that the use of mobile applications has increased their security risks by a very significant amount. These vulnerabilities can lead to major implications such as data breaches and loss of consumer information which as seen in the Target and Home Depot examples, can be very expensive.
As a whole mobile security presents a significant risk and we have already seen major vulnerabilities in major applications. These trends are expected to continue and emphasize the need for better processes and standards for the entire industry.
3. Potential Impacts of …show more content…
This is obviously very potentially costly, but many developers are beginning to feel comfortable rolling the dice and instead choosing to make an appropriate response whenever a breach occurs. The explosion of growth for mobile applications has led to organizations rushing to get applications to market. They are prioritizing other activities such as marketing and developing a userbase prior to implementing security. What is security good for if there is nothing to protect it? The belief, particularly for young companies and startups, is that limited resources would be served better developing the application and if the application fails that the additional funds spent on security were worthless and could have been put to better use in marketing or