In the year 2019, our phones have more personal data than ever! From banking apps to social media apps to official apps – we all have sensitive data on our smartphones. Our phones in the wrong hands could result in an apocalypse in our life. Did you know that the top 100 paid Android apps on Google Play Store have been hacked, and more than 56% of the top paid iOS apps have been hacked?
Reference Source: https://www.arxan.com/press-releases/arxan-discovers-top-100-android-apps-hacked-in-2013
Surveying the Mobile App for Security Issues
The most common mobile app that handles information insecurely are e-commerce apps. The major areas where a data breach occurs is:
The mobile application market is growing at an exponential rate. Thousands of new applications are added to the market every single day. The apps downloaded today entertain the user, help them connect and socialize with people in the vicinity and also share details about their lives and photos online.
These applications allow us to do everything from mobile banking, shopping to controlling automated home technology. In 2018, nearly 200 billion apps were downloaded worldwide. By 2020, it is said the apps industry alone will generate about $190 billion, if not more.
Everything is done online and unfortunately this technological upgrade means a lot of personal user activity and information is vulnerable. Data like a user’s address, contact number and sometimes even location apart from banking information and credit card details are within the apps.
A single lapse in security and all this information is available to the cybercriminalsand hackers. Ensuring this data’s security is key and the responsibility of the same must be taken by the app development company.
Business operations are now not only carried out in a cabin or in the office. You could reply to your email sitting in a coffee house, while watching a movie or even when you are vacationing in Bali. This is possible with the advent of mobile apps. But with the convenience of a mobile app also comes the threat of your information getting targeted by hackers. Cybercrime includes costs that include damages due to loss of sensitive data, theft of intellectual property, fraud and interruption in business operations.
Apps Targeted by Hackers
So what kinds of apps are targeted by hackers? Apps that are mostly targeted are the ones that have sensitive information and which can be used against other businesses. The most likely apps to be hacked are the ones that deal with economic transactions – ecommerce applications that are connected to banking software. Hackers assimilate data or disrupt services by disabling security, modifying and unlocking key features and stealing data.
The Bitcoin fever has been spreading like wild fire throughout the world. Everyone wants to make some easy money by investing in this crypto currency. Bitcoin works on the blockchain technology. Blockchain was originally created to support the Bitcoin but soon the tech community has started using this technology for other purposes.
Blockchain is the brainchild of a person or a group of people known by the name of Satoshi Nakamoto. In 2017, the global blockchain technology market is predicted to reach 339.5 million U.S. dollars in size and is forecast to grow to 2.3 billion U.S. dollars by 2021.
With the rise of Android apps, Google Play has strived to focus on security and performance! There are more than 2 million Android devices, and in the year 2017, 82 billion apps were installed on Google Play. So, it’s is vital that Google Play makes it a positive experience for their users to discover and install apps that they love.