Mobile Apps Security
What is Mobile application security? Mobile app security is the defensive mechanism used to safeguard mobile applications with its users’ info and defending mobile applications against Cyber-attacks and digital fraud as; malware, man in the middle attacks, app tampering, financial fraud, and other hacking techniques. Why Does This Matter to individuals and companies? The digital transformation of services, led people and businesses to use a dozen different mobile apps on a daily basis, As; apps for financial management, banks that require customers’ credentials, online shopping, etc.. The use of unprotected mobile applications have severe consequences on businesses and individuals. The threats of Mobile Apps hacking When a mobile application is compromised by malware or other hacking activity that exposes both the individuals and the companies to a high risk of being a victim of digital fraud. This includes… Possibility of stealing financial login credentials Credit card information stealing Hackers access to business networks Wholesale identity theft The usage of the hacked device as a mean of spreading malware to uninfected devices etc . . Such violations have many consequences that can be severe, including: Negative end-user experiences Negative, potentially permanent impact on the brand’s reputation Ongoing financial losses Unfortunately, 40% of organizations, including some Fortune 500, didn’t take active steps to protect their customers they’re developing the apps for. Only 50% of these same organizations dedicate any resources toward mobile app security. And the most recent reports indicate that up to 95% of mobile applications are vulnerable to attacks. Mobile Apps Security tips Testing As online fraud is constantly evolving, we recommend that companies should regularly test their apps for vulnerabilities, never rush development or patches, and monitor malware attacks. Mobile Application Security Practices Practices that expose individuals and companies to less mobile fraud threats. Only Download from Trusted Sources –We suggest downloading apps from the trusted app stores with high caution whenever downloading a new app, and the reporting of any suspicious activity. Avoid Saving Passwords – Discourage untrusted apps to save passwords on their system or in the cloud, as these can allow the private credentials to be harvested and used to hack other devices or networks. Invest in Mobile App Security –We recommend companies go further than the usual defensive mobile app security tactics and seek in-app protection suite that puts a protected layer between apps and the hacking practices. The Guardian Trustsec mobile application protection solution “The Guardian” provides a high level of security, allows you to focus on your business knowing we maintain a user-friendly protected app with no effect on the end-user experience! The Guardian is your best choice for Mobile Application Protection as its automatic integration tool allows the developers to easily integrate and configure it to the app without slowing down the development process. It detects and prevents any threats in real-time and responds by taking the necessary measures to protect the mobile application. The Guardian protects the mobile application even on highly infected devices, it protects the app against attacks that are coming from other applications as it shields the app and protects the user data and the app from reverse engineering, malware and various types of attacks. Ready to invest in your brand’s app security? Read more about Trustsec mobile application protection solution “The Guradian”
TrustSEC Pitch at TRUSTECH 2021!
Don’t miss our speech today at TRUSTECH! Don’t miss our speech today at the innovation stage at TRUSTECH at 12:55 PM, Zone E, Conference Room 02, Pavillion 5.2: “Biometric Smartcards: Solving identity and security challenges, in the Crypto space.” Join us, we will illustrate how biometrics has made a revolution on #authentication and its critical role in securing #cryptoassets. The spotlight this year is on our Smartcard OS SLCOS and the new Bio version developed for CardLab and its role in leveraging the usage of biometric smart cards that were mainly developed for ID, access, and payments. It also serves the digital transformation to Hard wallets in cooperation with the leading Spanish technology startup eSignus and their HashWallet solution. At TRUSTECH 2021, discover how all this – and more – is brought by the strong partnership! Get your free badge: https://badge.trustech-event.fr/en/home.htm?utm_source=ctaaccueil&utm_medium=siteinternet&utm_campaign=registration_opening_gb_26072021
Biometric Smartcards pitch at TRUSTECH
Throwback to eSignus speech today at TRUSTECH about Biometric smartcards. Online services were already growing exponentially in recent years, and the pandemic has accelerated their adoption by companies and users. As the value of the services provided increases, so do the risks of accessing these services and falling victim to fraud or impersonation. The estimated number of passwords used in 2021 amounts to an incredible 300 trillion. It is expected to continue increasing year after year along with the services provided online, and only in the first half of 2020, Data breaches expose 36 billion records. Biometric Smartcards security Hackers attack people worldwide roughly every half a minute. This translates to a cybercrime being committed on an average of 2,244 times per day, taking in the financial services industry the highest cost from cybercrime at an average of $18.3 million per company. Therefore, authentication and signature of users and employees in digital environments are critical to reducing these risks and enabling easy adoption and transition to digital services. Security measures typically increase the complexity of transactions for users and increase friction in critical day-to-day processes. Usability and recognizable user experiences are as important as security itself to have success in implementing security policies. For these reasons, our approach to this problem focuses on two fundamental factors: On the one hand, using truly secure hardware, where the user can perform the authentication and signature processes. We implement state-of-the-art security in terms of design and electronic components and complement this with biometrics. Biometrics are primarily used because of two significant benefits: The convenience of use: Biometrics cards are always with you and cannot be lost or forgotten. Challenging to steal or impersonate: Biometrics can’t be stolen like a password or key can. The combined protection of your physical or behavioral signatures with other authentications gives some of the strongest known security. It is significantly better than using a character-based password as a standalone verification. On the other hand, there is the hardware form factor and the user experience. We know that one of the most significant security issues is the frictionless adoption of such measures. TrustSEC and CardLab ApS collaboration with eSignus, has successfully collaborated to provide a state-of-art authentication solution that solves such a problem. That is why our solutions are based on a credit card form factor and a similar user experience so that it is not only easy to use but can be implemented without friction and high user training costs. Throughout eSignus CEO “Daniel Hernandez” speech yesterday at TRUSTECH; he delved into the design of the solutions and showed its innovative use case, which solves the security problems of cryptocurrency and cryptoassets wallets “HASHWallet” by eSignus. Contact us for the full speech info@trustsec.net