Tag: mobile security system

Mobile security company, Lacoon, acquired by Check Point

The announcement of the purchase of the Israeli company has now been officially made.

Check Point Software Technologies has now officially announced the acquisition of the Israel based Lacoon Mobile Security business, following a slew of reports that had appeared throughout March.

Last month’s reports had suggested that the companies had been in talks for an $80 million purchase.

As of the writing of this article, the actual price of the sale of the mobile security company had not been released. That said, the deal has now officially closed and has been announced by the companies. This purchase of Lacoon will hand Check Point an important piece in the smartphone and tablet based security puzzle. This will allow it to step its offerings up from the standard mobile device management that is the foundation of many of its rivals. This, according to the vice president of business development at Check Point, Alon Kantor.

Adding mobile security to device management can provide an entirely new level to remote services.

Mobile Security - Company AcquiredTypically speaking, mobile device management has to do with providing IT with control over a smartphone or tablet in a remote way, so that actions can be taken such as removing corporate data from a personal device if an employee should leave the business, or even completely wiping a stolen phone.

What makes Lacoon unique is the way in which it looks at mobile device security. Kantor described it by saying that “MDM manages the devices and the applications while the Lacoon solution is about securing these devices and blocking advanced mobile threats such as malware, [advanced persistent threats] or targeted network attacks.”

This functions with both Android and iOS based devices. It collects data with regards to threats and then complements any other existing security infrastructure that a company has put into place. This could provide Check Point with a very powerful mobile security tool, according to Constellation Research principal, R. Ray Wang. He explained that instead of having to depend on the reaction of MDM to a threat to security, once it has already happened, Lacoon protects proactively to protect against the attacks in the first place.

Mobile security threats abound with smartphone payment platforms

mobile security smartphone payment platformResearchers are cautioning device users to be careful with the financial and personal data they share.

As mcommerce explodes in popularity, a rapidly increasing number of people are shopping over their smartphones and tablets, making them a natural target to those who would threaten their mobile security through malware and other malicious cyber attacks.

This, according to the researchers at Javelin Strategy and Research, who wrote a report on the topic.

In its most recently released report from Javelin, the researchers explained that the mobile security threats to the various payment platforms have already reached $20 billion, and they are on the rise. They explained that the smartphone payments sector’s open source platform at Android may experience some of the largest struggles as a soft target, with its 50 million domestic smartphone users.

The researchers pointed out that the mobile security threats will be far from exclusive to Android device users.

Equally, though, the researchers also indicated that mobile security threats are targeting the iPhone and its 33 million domestic users. This could be even more damaging as these are the individuals who have the greatest tendency to shop over their smartphones and who spend the most money on their mobile purchases.

According to the authors of the report “Smartphone security is an increasing concern as mobile malware multiplies exponentially, and Android’s open source platform continues to gain market share over iOS.” They indicated that while Android is the target of the majority of malware so far, as it has the largest number of users, hackers still consider iOS to be the most valuable goal, if more challenging to crack.

The report stated that “iOS users spend more individually and have greater deposits on average than Android users.”

The researchers expect that by 2017, approximately 57 percent of adults will own smartphones based on the Android operating system. This will be almost precisely double the number who are predicted to have iPhones, at 28 percent. This skyrocketing use of Android devices will align predictably with the type of mobile security threats and malware volume that the researchers anticipate over the same time period. This is not unprecedented, as the number of Android targeting malware threats increased in the second half of this year from about 30,000 to approximately 175,000.