nProtect Warns about Rising Smartphone Threats

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nProtect protects mobile banking and payment users against malware and mobile threats.

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Smartphones have become a common household item with millions of people using smartphones and tablets to conduct mobile banking and payments every day. Mobile banking and payments is a growing area for financial institutions as more banks are providing banking services through their own applications or web-browser based mobile platforms. However, as smartphone adoption and mobile banking usage increases, so have the number of mobile threats.

According to researchers, there are currently more than 100,000 malicious applications for Androids, an increase of over 500% compared to the same time last year. Android mobile devices are targeted for their rapidly growing market share, fewer restrictions to upload applications for download by users, and a lack of users proactively securing their mobile devices. Most malwares created are variants of Trojans used to steal valuable information stored in the mobile devices. Banks that rely on web browser platform are at a greater risk because banks, aside from SSL provided with the mobile device, don’t implement additional security features on the mobile customer’s endpoint.

Malicious applications are not the only method threatening the security of mobile devices. Cyber criminals can use unsecured Wi-Fi to gain access to unsuspecting victims and steal confidential information. This type of threat puts Android, as well as iOS users and their personal information at risk.

Practicing safe smartphone usage is the most crucial aspect in preventing attacks by cyber criminals, who have traditionally targeted PCs and laptops. Users need to be wary of applications they download. The applications can be infected with types of malwares that were previously targeting Internet banking – Zeus, Spyeye, and other Trojan variants as well as applications developed by criminals designed to steal information. Many applications that are infected with malwares or fake applications can be found on sites not authorized by Apple or Google placing users in a greater vulnerable position.

nProtect’s mobile security solution was developed to create a safe environment for mobile banking and payments. nProtect secures mobile devices including smartphones and tablets against mobile threats using its new jail break and rooting detection feature which creates awareness about the dangers of jail breaking or rooting and ensure users for safe mobile transactions. nProtect mobile security solution also employs malware monitoring, keypad input encryption by securing information inputted into the smartphone, and the Wi-Fi security feature to make sure smartphone don’t make connections with random, and possibly dangerous Wi-Fi connections.

By steering users away from such dangerous practices and implementing the proper mobile security, financial institutions can be assured their customers are more secured against malicious applications.

About nProtect, Inc.
Founded in January 2000, nProtect, also known as INCA Internet, is headquartered in San Jose, California and provides online and mobile banking/payment security to financial institutions by securing users against hacking, malware, and other online and mobile threats including Zeus while meeting requirements for compliance including FFIEC.

Currently, over 100 million users from more than 1,000 customers are using nProtect’s online security solutions including banks such as Bank of America, Deutsche Bank, ING, and HSBC.

nProtect was awarded one of the Fastest Growing Companies by Deloitte.

For more information, contact nProtect Inc.
Tel: 408-477-1742
Email: sales (at) nProtect (dot) com

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Don Lee
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