3 Reasons: Why businesses need to secure their mobile apps?
Enterprises offer their services and products through mobile apps. Banks offer financial services through banking apps, insurance firms provide insurances through insurance apps, grocery/ merchandise/ garments/ footwear/ eyewear are available through m-commerce apps, social media apps facilitate easy communication and connect, travel apps help booking air/ rail/ road tickets, health apps facilitate medicines/ consultancy/ well being, etc. In fact it’s difficult to think of a human need for which an app does not exist.
Mobile apps deal with personal data. Finances, insurances, purchases (what/ when/ how much), communications (what/ with-whom), travels, and health-records are very personal to an individual. These data points may contain confidential information. Protection of personal identifiable information of a consumer of an app is the prime responsibility of the firm offering the app.
Mobile apps are a gateway to backend systems of businesses. Most of the apps connect with their backend systems for user logins (authentication and authorisation), fetching data for presenting information to fulfil user needs and charging customers for availed services. Any weakness in the gateway (such as a cybersecurity vulnerability) could increase the risk to business and may endanger its revenue and reputation. The data (customer information, company/ business data) could also be exfiltrated out through weak gateways.
Mobile apps must comply with regulatory mandates. RBI has mandated implementation of common minimum standards of security controls for digital payment products and services. For apps in the financial sector, specific controls for securing mobile applications have to be compulsorily implemented. Any non-adherence may attract penalties from RBI which could jeopardise the business. Similarly, regulatory mandates in other segments such as health care, mobility, etc. need to be taken care of.
These are the three fundamental reasons why businesses need to secure their mobile apps. Can you think out and highlight a few more reasons why a firm needs to secure its mobile app?
Vice President at JPMorgan Chase & Co.
3 年Thanks for sharing
Information Technology
3 年Rajesh you have highlighted a clear and present danger to the customers and businesses owing to prolific use of mobile handsets for commerce. I am sure people will realise the importance and need of mobile security.??????
Ex-Army Major (Corps of Engineers) | Program & Risk Management Leader | Process Improvement Strategist | Lean Six Sigma Green Belt | IIM Silver Medalist
3 年Mobisec is the answer to all these pertinent questions. Most importantly how can one organization be sure about the security of mobile phones of their employees? No matter how strong policy organizations make, unless there is a way to ensure compliance the policy is never implemented. 70% of people agreed that there data goes directly on cloud to save space on mobile phones and 25% of those don't know how to control these settings. In such a scenario how can companies be sure that their data is safe unless there is no data at all. As per a report submitted by Mckinsey about perspectives on transforming cybersecurity, there are three broad things which companies must focus on: 1.Go beyond technical controls to build a holistic program that protects the enterprise 2.Engage the full set of stakeholders to ensure appropriate support and decision-making 3.Integrate cybersecurity with business strategy to build trust and create value mobisec is the one stop solution that can help to achieve all three by holistically integrating all digital devices and ensuring security by monitoring every transaction. A great app for future and for organization who believe in proactive planning rather than spending money on reactive resolutions. Dr. Rajesh Kumar Pal sir you have done a pioneer work in this field. Kudos to you.
Amazonian| Military Leader| Operations| Supply Chain| Program Management
3 年Dr. Rajesh Kumar Pal sir, it's something you and the team at mobisec Technologies seem to have analysed threadbare. I am definitely intrigued by what you are developing to ensure #datasecurity, #rbipolicy compliance and #riskmitigation. Wishing you and your team the very best sir.
veteran ????
3 年Very well analysed. It's a present need and future necessity. Thank you for sharing?????????