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App Economy Under Attack

Ninety-two percent of the Top 100 paid Apple iOS apps and 100 percent of Top 100 paid Android apps have been hacked, according to new research contained in the State of Security in the App Economy: Mobile Apps under Attack report.

The proliferation of mobile devices has created an app-centric global marketplace, ushering in the App Economy that is driving new business models and revenue streams across all industries.

 Hacked mobile apps now account for the greatest security and financial threat to the overall global software market.  

The State of Security in the App Economy: Mobile Apps Under Attack research report reveals the widespread prevalence of hacked mobile apps and the financial impact from lost revenues, IP theft, and piracy.

Key findings of the report reveal:

  • More than 90% of top 100 paid mobile apps have been hacked: 92% of top paid iOS apps and 100% of top paid Android apps were found to have been hacked.
  • Free apps are not immune from hackers: 40% of popular free iOS apps and 80 percent of the same Android apps were found to have been hacked.
  • Hacking is pervasive across all categories of mobile apps: Hacked versions of mobile apps were found across all key industries such as games, business, productivity, financial services, social networking, entertainment, communication, and healthcare.
  • Mobile apps are subject to many diverse types of hacks and tampering attacks, such as disabled or circumvented security, unlocked or modified features, free pirated copies, ad-removed versions, source code/IP theft, and illegal malware-infested versions.
  • The Anatomy of an App Hack entails three steps: Define the exploit and attack targets; reverse-engineer the code; and tamper with the code; this process is made easy with widely available free or low-cost hacking tools.
  • Financial risks from hacking are increasing rapidly: Mobile app hacking is becoming a major economic issue with consumer and enterprise mobile app revenues growing to more than $6o billion by 2016 and mobile payments volume exceeding $1 trillion (based on data from KPMG, ABI Research, and TechNavio).

Download this Report to learn more about the prevalence of app hacks as the App Economy continues to expand into diverse markets bringing new products and services to consumers and partners.

By Arxan Technologies

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