According to a new security report from Arxan Technologies, the leading provider of application protection solutions, 97 percent of the top 100 paid Android apps and 87 percent of the top 100 paid Apple iOS apps have been hacked. However, with the mobile industry and retailers turning to mobile payment, it’s worth noting that Retail/Merchant apps are a big target for hackers. The report reveals that 90 percent of these apps were hacked on Android while only 35 percent were targeted on the iOS operating system.
From the report:
[su_quote] Mobile financial apps are still at risk – 95% of the Android financial apps reviewed were “cracked” while 70% of the iOS financial apps were hacked. This is an increase in both cases, with Android’s growing about 80%.
90% of Retail/Merchant Android apps and 35% of Retail/Merchant iOS apps have been compromised – Hackers are targeting growth in B2C retail apps, as stores launch mobile payment/wallet services, and in B2B merchant point-of-sale apps. In both cases sensitive data, IP, and financial transactions are at risk.
90% of Android Healthcare/Medical apps have been hacked, 22% of which are FDA approved.[/su_quote]
Needless to say, consumers looking to join the mobile payment bandwagon need to choose their mobile operating system carefully.