SIM swapping is when a cybercriminal impersonates someone in order to convince a mobile carrier to activate a new SIM card. These bad actors use social engineering tactics, claiming “their phone” was supposedly lost, stolen or damaged, when in reality, it was never their phone to begin with. When a cybercriminal successfully SIM swaps, they can more easily steal someone’s identity because they can now receive their text messages and phone calls.
The Association of Southeast Asian Nations (ASEAN) region, including countries such as Singapore, Malaysia, Thailand, and Indonesia, is the fastest-growing digital market in the world. Mobile applications have become increasingly integrated into daily life in terms of financial transactions, eCommerce, healthcare avenues, and service deliveries. That being said, Southeast Asian countries are witnessing a high surge in cybersecurity attacks on mobile applications.
Anti-money laundering (AML) compliance in the mobile money industry has become increasingly important in 2023. With the rise of mobile money transactions, regulatory bodies are ramping up efforts to combat money laundering and terrorist financing. In this infographic, we explore the technology involved in AML screening, the importance of AML compliance in the industry, and best practices for financial institutions.
With the rise of remote work and shadow IT, more devices and apps (both sanctioned and unsanctioned) are connecting to your organization’s network. Today, there are approximately five million mobile apps currently in circulation: approximately three million for Android and two million for iOS. That’s great for productivity, but less than ideal when it comes to security.
Mobile device management (MDM) refers to a type of software that allows businesses to manage, configure and secure mobile devices used by their employees. Companies use MDM solutions to maintain a secure environment across all the mobile devices they own or have access to, as well as provide features such as remote wipe, password policies, application management and data protection. This helps them ensure security while providing their employees with access to the applications and data they need.
Mexico is a budding market for mobile apps. The total revenue generated by mobile apps is expected to surpass $2100 million by 2027 from just $1500 million in 2022. So, if you're an app developer and thinking of launching a secure mobile app in Mexico, you're making the right decision. However, it's not as easy as you may think. Navigating Mexican data privacy regulations can be challenging, but it's critical to ensure that personal information stays secure and is not misused.
The rapidly changing technology and portability of mobile devices have forced people to rely heavily on those products. With their increased functionalities, mobile devices carry out a number of our day-to-day activities, such as surfing the web, booking appointments, setting up reminders, sharing files, instant messaging, video calling, and even mobile banking.
Over 4 million mobile apps (Android and iOS combined) are available to download. A majority of those apps store and process confidential user information such as contact number, email, age, gender, banking details, etc. No wonder mobile apps are one of the most lucrative and sought-after targets for hackers, and app fraud volumes are expected to double by 2026.
