Of all the modern business ecosystems, the Fintech sector is one of the most volatile landscapes that is teeming with industry and technological disruptions. And, adding to the pre-existing list is Neobanking. Currently, there are 246 neo banks in the world, and the market projections suggest an annual average growth rate (CAGR) of 47.7 percent until 2028, amounting to 722.6 billion U.S. dollars.

iOS has always been considered a safe haven when it comes to mobile application security. Every year this operating system tries to come up with more and more efficient updates to make life easy for its users and the respective application and security service providers. However, for tech-savvy users, these timely improvements may not sound enough and there are always people who consider that there is room for more improvement. And hence comes the term ‘Jailbreaking’.

Continuing on our exciting and informative webinar series, last week Appknox hosted a webinar on 'Building Org-Wide Software Security Practices'. Organized in association with Xoxoday, the leading technology platform helping businesses manage incentives, rewards, incentives and loyalty programs, I had an amazing discussion regarding various aspects of security when it comes to org-wide business initiatives and so much more with Mr Srivatsan Mohan (VP, Xoxoday).

In the modern DevOps framework, the security has shifted to the left and Application Security Testing (AST) techniques like DAST have become even more important. The latest Forrester reports indicate that application weaknesses and software vulnerabilities are the most common attack methods, and businesses fall victim to ransomware every 11 seconds. Further, modern-day businesses are consistently grappling with fast-paced development and industry disruptions.

With an increasing overflow of threats and attacks on mobile apps, businesses are now more concerned than ever about making their apps safe and secure for their users. Even the apps which were deemed to be secure and impenetrable are now being crept into with severe vulnerabilities. And this is why there is a huge priority shift happening across the globe towards mobile app security. According to Gartner , the global market for information security is expected to cross a market cap of$170.4 billion.

Gartner Hype Cycle started as a graphical representation method to represent the adoption, evolution, and maturity of new emerging technologies. Over time, it has now transformed into a highly potent and reliable powerhouse of smart insights into how emerging technologies will evolve in the future.

API security is one of the most important aspects of cybersecurity. The rise of new technologies like microservices, cloud-native applications, IoT devices, single-page applications, serverless, and mobile has led to increased use of APIs. Any internal application elements are now APIs connecting with one other through a network. A game API lets your applications and web services communicate with one another and share information such as rules, settings, specs, and data.

Continuing on the successful webinar journey, last week Appknox hosted a webinar on "Secure Coding Practices to Prevent Vulnerabilities in SDLC." Focusing on secure coding best practices, our experts busted several myths and misconceptions regarding mobile app security in the webinar and highlighted several client-side misconfigurations which generally go unnoticed by the app developers.

When it comes to establishing a robust mobile application security posture, vulnerability scanning is certainly the go-to option. But given the complex cybersecurity challenges of modern times, it might be complicated and challenging to implement vulnerability scanning properly. According to the 2020 Edgescan Vulnerability Statistics Report, around 35% of the vulnerabilities discovered in external-facing apps were of critical or high risk.

Appknox, a leading enterprise mobile application security solution provider has announced a partnership with ioXt, a global standard for IoT security and standardization of security, privacy, and compliance programs. With the alliance, Appknox will enforce the clients with a Security Pledge that focuses on the security of stakeholders, and devices in the IoT environment.