Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > ARXAN’S ANNUAL REPORT:  ‘STATE OF MOBILE APP SECURITY’ REVEALS AN INCREASE IN APP HACKS FOR TOP 100 MOBILE APPS
    Top Stories

    ARXAN’S ANNUAL REPORT:  ‘STATE OF MOBILE APP SECURITY’ REVEALS AN INCREASE IN APP HACKS FOR TOP 100 MOBILE APPS

    Published by Gbaf News

    Posted on November 19, 2014

    4 min read

    Last updated: January 22, 2026

    sussbmm
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Findings Expose a Lack of Mobile Application Self-Protection for Mobile Financial, Retail/Merchant and Healthcare/Medical Apps

    Arxan Technologies, the leading provider of application protection solutions released its third annual State of Mobile App Security report, which reveals that 97% of the top 100 paid Android apps and 87% of the top 100 paid Apple iOS apps have been hacked. In addition to an increase in app hacks found for commonly downloaded Popular Free apps, this year’s research also reveals evidence of widespread hacking of financial services, healthcare/medical, and retail/merchant apps; largely driven by hacks of Android apps.

    Arxan’s 2014 State of Mobile App Security report updates previous years’ indicators on the prevalence of hacked apps on the two major platforms (iOS and Android).  The findings of increased app hacking is especially noteworthy amidst today’s rapid growth in global mobile app usage.  Free app downloads are forecasted to increase at a rate of 99% to reach 253 billion downloads in 2017 and paid app downloads are projected to reach almost 15 billion, a 33% increase by 2017[1].This explosion in app usage is seen across all verticals and lead by apps running on the Android mobile operating system, which continues to dominate with 85% market share[2].

    The report, which comes on the heels of a number of recent mobile application-based attacks, such as Wirelurker and Masque, highlights the imminent and growing need for mobile applications to contain self-protections.  Key findings from the 2014 report include:

    Top 100 Paid Apps and Popular Free App reveal widespread hacking

    • 97% of top 100 paid Android apps and 87% of top 100 paid iOS apps have been hacked – This finding of a high percentage for Android hacked apps is in line with results from prior years.  However, the iOS percentage represents a sharp increase over 2013, when 56% of iOS apps were found to be hacked
    • 80% of Popular Free Android apps have been hacked and 75% of the Popular Free iOS apps have been hacked  – The percentage of popular iOS apps hacked has steadily increased over the last 3 years 

    App Hacking Targets Mobile Apps Across High Risk Verticals

    • 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

    Proactive measures to protect against application risks are being championed by industry leaders such as Gartner’s application security analyst, Joseph Feiman.  In Feiman’s recent Maverick report, he advises CISO’s to “Make application self-protection a new investment priority, ahead of perimeter and infrastructure protection.”  “Runtime Application Self Protection (RASP) is designed to protect applications by adding protection features into the application runtime environment.”[3]

    Echoing security leaders, Arxan’s State of Mobile App Security report includes key recommendations to improve the security of mobile applications.  Among other recommendations, the report recommends that:

    • Applications with high-risk profiles running on any mobile platform should be made tamper-resistant and capable of defending themselves and detecting threats at runtime
    • All applications should be developed to maintain the confidentiality of the application/code
    • The software that is used to enable mobile wallets/payment apps (e.g., Host Card Emulation software) should be protected with secure crypto and app hardening.
    • Organisations should consider mobile app assessments to assess if existing apps are exposed to risks that are unique to mobile environments. Also, as part of the mobile app development lifecycle, organisations should conduct Penetration Tests that, among other things, should assess vulnerability to reverse engineering and tampering that can result from unprotected binary code.

    Arxan’s 2014 “State of Mobile App Security” report and supporting Infographic are now available.  The findings were based on analysis of 360 apps, including 100 top paid and the same 20 popular free apps from each platform, as well as 40 apps in the financial services, retail/merchant, and healthcare/medical categories (20 apps per platform).

    “The pursuit of greater mobile application security remains at the forefront our research and development initiatives,” said Jonathan Carter, technical director at Arxan.  “We continue to evolve our security innovations based on emerging threats to ensure the strongest application protection for our customers in the dynamic battlefield against hackers.”

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostFICO DATA SHOWS ANTI-FRAUD TECHNOLOGY KEEPING UK CARD FRAUD LOSSES AT BAY
    Next Top Stories PostTRAVELEX RENEWS CONTRACT FOR 7 YEARS WITH WINCOR NIXDORF TO CREATE GLOBAL PAYMENTS PROCESSING HUB