78 percent of top 100 paid Android and iOS apps have been hacked says research

78 percent of the top 100 paid Android and iOS apps have been hacked, with 100 per cent of the top paid Android apps and 56 per cent of the top 100 paid iOS apps found to be compromised.

This number actually represents a 36 percent decrease from last year, according to software security Arxan Technologies’ second annual State of Security in the App Economyreport.

Hackers also continue to target free apps, with 73 per cent of free Android apps and 53 per cent of free iOS apps found to be hacked in 2013. In 2012, Arxan found 80 per cent of Android apps and 40 per cent of iOS apps had been compromised.

The widespread use of ‘cracked’ apps represents a real danger for both individuals and companies, given the explosion of smartphone and tablet use in the workplace and home, according to Arxan.

Cracked mobile apps create the potential for massive revenue loss, unauthorised access to critical data, intellectual property theft, fraud, altered user experience and brand damage.

“Not only is IP theft costing software stakeholders millions of dollars every year, but unprotected apps are vulnerable to tampering: either through installed malware or through decompiling and reverse engineering – enabling hackers to analyse code and target core security or business logic that is protecting or enabling access to sensitive corporate data,” said Kevin Morgan, chief technology officer at Arxan.

Mobile financial apps were found to be particularly at-risk, because users trust them with essential data such as bank account numbers and passwords. Arxan discovered that 53 percent of the Android financial apps it reviewed had been cracked while 23 percent of the iOS financial apps were hacked variants.

“Pirated versions of popular software are available on numerous unofficial app stores like Cydia, app distribution sites, hacker/cracker sites and file download and torrent sites,” said Morgan.

“During our research we discovered that some of the hacked versions have been downloaded over half a million times which gives a sense of the magnitude of the problem especially as we embark upon a season of high consumer activity that will involve payment transactions, and consumption of products and services via the mobile.”

Earlier this year, BlackBerry was forced to suspend the rollout of BBM to iPhone and Android platforms for almost a month, after an unreleased version of the BBM for Android app was posted online. This resulted in “volumes of data traffic orders of magnitude higher than normal for each active user”, according to BlackBerry.

The company attempted to address the problems while the rollout was still underway, but eventually decided to pause the rollout for both Android and iPhone, in order to completely block the unreleased version and ensure that the system was reinforced to handle this kind of scenario in the future.[signoff predefined=”Enjoy this?” icon=”icon-users”][/signoff]Via

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