The exponential and unbridled growth in Mobile Malware has kept pace with the staggering rise in the ownership of both Android and iOS-based smartphones, tabs, and PCs. Figuratively speaking, currently there are over 1 billion individuals using an array of Android-based PDAs (personal digital assistants). Alternatively, there were more than 1 million malicious software invasions in smartphones in the form of viruses, worms, Trojans, and spyware in 2014. Needless to say, the figure will substantially go up in the coming years. What is really alarming is the statistical prediction that cybercriminals and unethical hackers will be closing the gap between the number of PCs and smartphones affected by mobile malware by 2018. Smartphone users and stakeholders in the mobile devices industry should join hands to prevent mobile malware incursions in order to secure personal data and thwart identity theft.
The Market for Mobile Malware and Cybercrime is Thriving
Cybercriminals, unscrupulous hackers, and fraudsters have been increasingly foraging in the smartphone realm after having had their fill of infecting mainframes. This is so because people are archiving their personal information on smartphones and tabs that are portable unlike PCs. Despite the installation of state-of-the-art cellphone security apps and devices (proving beneficial for numerous smartphone manufacturers and service providers), the same have failed to foil malware infections. Concomitantly, with the advancement in the mobile security technologies, cybercriminals have innovated newer and sophisticated techniques to steal personal/financial info by destabilizing anti-mobile malware. The convenience of getting hold of smartphone bots and uploading the same for raking in the moolah has pushed up their demand.
The Egregious Ecosystem of Malicious Software is Firmly Embedded
Topping the list of malevolent software that have made deep inroads into mobiles are financial Trojans. Constituting roughly 30% of the different categories of smartphone spywares, these are perfect for extracting fiscal data. Two most widely used Trojans are DroidDream and Android Exploit Masterkey. The DroidDream malware can be used to encrypt unique identification code for a smartphone in order to download malicious programs. Additionally, DroidDream can be made to act as a conduit for channelized infections. Android Exploit Masterkey breaks into Android application packages-a filing system generally used for allocating and installing apps on Android devices-allowing the hacker to misuse a genuine application. Other popular malware include ransomware (Simplocker), mobile spyware (used basically for hacking accounts and identity thefts), and NFC (a malware exploited as a payment gateway).
Tackling Mobile Malware Incursions and Alleviating Threats
It goes without saying that smartphone and PDAs users should make the most of mobile malware detection tools with a view to safeguard personal information. And in order to take advantage of these malware identification and destabilising tools, one needs to be first aware of the existing malware threats. One also needs to analyse the nexus between smartphone and cross-channel fraudulency for the purpose of minimising the perils arising from cellphone malware. On the other hand, OEMs of mobile gadgets must focus on protecting devices, especially when they’re misplaced or lost, by developing strategies to make the OS foolproof. The manufactures and vendors should take steps to secure private or enterprise database by ensuring that security policies are strictly complied with. They should encourage the development of mobile malware removal tools and applications so that the same can be disbursed and regulated without any risks.
Most of the modern organizations, including financial institutions permitting access to in-house resources and servicing clients via the mobile route don’t have an inclusive smartphone security stratagem. A majority of such organizations don’t set aside any funds for ensuring mobile security. To conclude, the need of the hour is to make users aware of the impending threats from malware let loose by cybercriminals and at the same time have failsafe mechanisms in place deal to nullify threats from mobile malware.