The increased adoption of enterprise mobility solutions by a growing number of businesses is opening up new avenues for cybercriminals to launch attacks with devastating impact on a brand’s reputation and stock prices, an industry expert said.
According to Mohanty, the bank identified that its mobile banking application had suffered a major security breach, which put many of their customers at risk of exposing or losing their banking data. After a lot of research, the bank chose to work with Paladion because of its experience in cyber security and risk management.
According to market research firm IDC, ICT spending in the MEA region has exceeded $270 billion in 2015, making it the second-fastest growing market worldwide. The adoption of smart devices in the Middle East and Africa is set to grow from 133 million in 2014 to 598 million devices in 2018. As far as the enterprise mobility and bring-your-own-device (BYOD) market is concerned, research firm MarketsandMarkets predicts that it will surpass the $284 billion mark by 2019 worldwide.
In order to put an end to such security issues, securing remote access through mobile devices and protecting the data and applications on those devices becomes critical for organizations in the region.
Paladion’s Mobile Application Security Testing Program includes code review, mobile application penetration testing, web application penetration testing, and security configuration audit among other features. It makes sure that the client creates more durable mobile apps based on improved threat elimination approach that can identify potential risks.