How to Secure Mobile Payment Applications
As the general trend suggests use of mobile apps are on the rise day by day. More than half of all time spent of digital media is spent on mobile apps. The average time spent on mobile apps is increased by 21% over the past year. With the growing usage of mobile payment applications by users for all purposes such as banking, payments; the focus of the malicious users has shifted towards the mobile apps too. Source: https://www.arxan.com/resources/state-of-application-security/ Mobile apps provide ease of use and access. In order to stay competitive in the market and in a hurry to launch applications, often businesses do not pay attention to the security of the application. The infographic [2] below shows the amount budgeted for security by organizations. It becomes imperative for organizations and companies to secure mobile payment apps in 2024 to ensure their users are protected and their security posture is held high for brand trust. In addition, the Information Security ...