All of the top 100 paid Android apps and 56 per cent of the top 100 paid iOS apps have been compromised, according to new research
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 its BlackBerry Messenger (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