Mobile apps are new cyber crime attack vector

Mobile apps have emerged as a new cyber crime attack vector for phishing and malware, says RSA, the security division of EMC.

To combat this issue, the company has introduced the RSA FraudAction Anti Rogue App Service that can identify and take action against rouge mobile apps that are out to serve up malware or phishing attacks.

The release of this application is well timed as a report from TrendMicro TrendLabs indicates that the number of malicious Android apps jumped over 20,000 in July 2012. RSA also notes an April 2012 report from Goode Intelligence that shows about 71 percent of organisations allow their employees to use their own mobile devices for company business.

RSA's new managed service has been designed to monitor all major app stores for all mobile operating systems. It can also shut down malicious apps to deliver a range of benefits such as reduction of end user credential loss, financial fraud as well as damage to organisations' brand equity.

"We're finding that organisations offering legitimate mobile apps used for online banking, retail, gaming and other functions aren't prepared and are mostly unaware of the mobile app threats lurking in app stores," said Dan Schiappa, RSA senior vice president, identity & data protection. "Driven by RSA's experienced team of anti-fraud analysts, the RSA FraudAction Anti Rogue App Service is designed to help these organisations reduce fraud losses."

Proactive management

RSA boasts a combination of very experienced anti-fraud experts and a proven, propriety threat-detection infrastructure that is geared towards helping organisations gain visibility into the mobile app landscape.

The RSA FraudAction Anti Rogue App Service can proactively manage risk to business by providing visibility into mobile app-based threats. This proactive approach helps ensure online app stores are constantly monitored and timely action is taken against rogue mobile app threats.

Available immediately worldwide, this service provides comprehensive app store monitoring for all major app stores.

"Despite the best efforts of app store operators to police their own catalogs for rogue apps, the potential damage posed by a Trojan app using a company's brand image cannot be understated," said Chris Hazelton, research director, mobile & wireless, 451 Research. "Active monitoring of app stores will help organisations stay ahead of potential mobile app threats that leverage legitimate brands to target consumers for malware distribution and phishing."

Join the CSO newsletter!

Error: Please check your email address.
Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Anuradha Shukla

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place