Tag: mobile phone security

Mobile networks around the globe generate more than 50 Exabyte’s of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe.

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This has in turn led to significant investments in integrated security appliances and content security gateways by both enterprises and mobile network operators,  besides opening doors for emerging submarkets such as mobile Security as a Service (SEaaS).

On the devices front, installation of Anti-Malware/Anti-Virus client software is fast becoming a de-facto requirement for most smartphones and tablets. Furthermore, mobile device OEMs are also integrating advanced biometrics such as fingerprint sensing into their smartphones and tablets, amid growing popularity of security sensitive opportunities such as mobile payments.

Driven by the thriving ecosystem, Market Research estimates that mobile device and network security investments will account for nearly $9 Billion in 2013 alone. The market is further expected to grow at a CAGR of nearly 21% over the next 7 years.

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This report presents in-depth assessment of the global mobile device and network security market, and covers four individual submarkets. In addition to covering key market drivers, challenges, future roadmap, value chain analysis, deployment case studies and vendor service/product strategies for each submarket, the report also presents comprehensive forecasts for the mobile device and network security market from 2013 till 2020. Historical revenue figures for 2010 – 2012 are also presented. The forecasts and historical revenue figures are individually segmented for four submarkets, 17 product/service categories, six geographical regions and 34 countries.

The report comes with an associated Excel datasheet covering quantitative data from all figures presented within the report.

A report from Check Point Software revealed that for nearly half of them, this led to over $100,00 in damages.

A recent report produced by Check Point Software, which was published under the title of “The Impact of Mobile Devices on Information Security” has indicated that over the 12 months preceding their survey 79 percent of businesses experienced an incident relating to mobile security.

The survey not only determined that these issues were quite common but they are also very costly.

The survey included the participation of 790 IT professionals. It was conducted by Dimensional Research, which discovered that for 42 percent of the businesses that experienced these mobile security incidences, 42 percent said that it cost over $100,000 to repair the damages. Moreover, for 16 percent of the participants, the cost of these incidents was greater than $500,000.

Among large businesses, 52 percent said that mobile security incidents cost them over a half million dollars.

Nearly all of the companies that permitted the use of personal smartphones said that there is a growth in the number of these devices connecting to their corporate networks. Moreover, 45 percent of them said that there are five times more personal smartphones connecting to those networks than there had been in 2011.

At the same time, the research suggested that 63 percent of the participating businesses do not manage the corporate information over personal smartphones. Furthermore, 93 percent have stated that they have struggled to implement policies surrounding their BYOD programs. In fact, 67 percent felt that mobile security regarding corporate information is their primary challenge with BYOD policies.

Check Point mobile security evangelist and researcher, Tomer Teller, explained in a statement that “Without question, the explosion of BYOD, mobile apps, and cloud services has created a herculean task to protect corporate information for businesses both large and small.” He added that “An effective mobile security strategy will focus on protecting corporate information on the multitude of devices and implementing proper secure access controls to information and applications on the go. Equally important is educating employees about best practices as majority of businesses are more concerned with careless employees than cybercriminals.”