Software and mobile app developers often rely on copying or modifying pre-existing code snippets to save time and effort. However, this makes mobile apps and other software vulnerable to hacking and other forms of cyber attacks. In 2021 ParkMobile, a contactless payment parking app, suffered a massive data breach in which personal records of 21 million customers were stolen, including email addresses, phone numbers, license plate numbers, and passwords.
Data breaches resulting from cyber-attacks can severely hamper software and app companies and cease growth for a long time. The most common effects of cyberattacks for the industry are:
The most common security issues for software in general, and mobile apps in particular are:
Additionally, compliance is also an important consideration for software manufacturers. Depending on the industry that the app serves, there might be a need to comply with various data security standards and protocols including GDPR in Europe, CCPA and HIPAA in the US to name a few. A robust digital security plan that takes into consideration both compliance and data security protocols is the need of the hour across industries.
Apart from security protocols like SSL and standard encryption standards, more and more software and app companies are adopting cryptography to ensure secure access and a higher degree of data encryption to secure their and their customers' private data.
As the leader in strong cryptographic technology, Cryptomathic provides the Software and App Development sector with best-in-class security solutions for mobile app protection, crypto-agility, key management and qualified electronic signing. Our adaptive solutions give you maximum usability without compromising on data protection.
Cryptomathic’s solutions are aimed at addressing requirements for:
Are banking and payment apps adequately secure against known and unknown attacks? Understand the threat landscape and how MASC's evolutionary security strategy can overcome such threats and provide
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What are the important attributes to consider when evaluating a key management system? This paper describes a variety of systems that exist in the market and provides guidance to narrow down the field to best meet your requirements.
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