Mobile Security Solution

Rogue/Fake app is the mother of all threats. It can be created in hours and be distributed to the masses through social media. Once a user downloads and uses it once, he/she becomes a permanent victim. Using these stolen credentials, the thief can repeatedly misuse the user’s account without the organization and without the user realizing fraud.

Apart from the rogue/fake app threat, there are many other threats which can severely compromise business.

All currently used technologies, checks, and protections can be broken by changing just a few lines of java code, even if a C++ module is used. For a thief, the time and the effort spent on bypassing protections will not be a deterrent as the probability of distributing a rogue app and further misusing it remains exactly the same.

SecureChannel Virtualization Technology is the only known technology that can provide comprehensive protection against rogue/fake app and all other threats.

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Current Threat Scenario

By 2022, API abuses will be the most frequent attack vector resulting in data breaches for enterprise applications – The Gartner Group.
Massive Mobile Banking Fraud Exposes Banks’ Need for App Security, Modernized Authentication and Risk Analytics - OneSpan - U.S. and Europe banks lost millions of dollars
Fake apps have stolen thousands of customer data of leading banks in India. – ICICI, CITI, YES Bank, Axis Bank, SBI, BOB, Canara - Sophos Labs
According to the figures from banking trade body UK Finance, APP fraud rose from £208 million in the first half of 2020 to £355 million for the same period in 2021 – Jump by 71%
Fraudulent transactions using RDP software (like AnyDesk) is a regular fraud – Known as Jamtara fraud – Kids in this village make over $10 million per year.
IRCTC – Agents fraudulently book thousands of tickets in a few minutes
Rogue mobile app frauds accounted for 27% of the total value of fraudulent payments in 2018. 2019 – RSA Security

“If it starts happening then we have to close down the banking system” - Chief General Manager, Reserve Bank of India

The Problem

A rogue mobile app that steals authentication data, can be created in just a few hours and distributed to the masses through social media, making millions of users permanent victims.

Using this stolen authentication data, billions of dollars can be siphoned out from user accounts in a short period, repetitively.

Download Threat Document Step-by-Step Guide on Rogue App Creation

Mobile Security Solution Space

Mobile End Point (MDM) Security

The primary objective of MDM solutions is to detect malicious applications installed on mobile devices.

and many more...

They do not protect business applications

No organization would install third party software on a common user’s mobile.

APP
Hardening

The primary objective of hardening is to make application changes a bit difficult. It is good for gaming applications.

and many more...

They can only harden the custom code. The decrypted code is available after the first run. OR

Create a new rogue app from scratch, exploiting APIs and publishing it in days.

Mobile Security
SDK

This kind of solution protects against unauthorized access to user account using additional device authentication and channel security.

and few more...

These solutions are based on static data. They can be broken in a few hours or simply bypassed.

Most companies develop themselves in a few days.

Once broken, ALL users of ALL implementations are exposed.

SecureChannel Mobile Solution is the only known technology to protect from all mobile threats

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How We Stand?

SecureChannel focuses way beyond anti-tampering, device authentication, and channel security. The main objective is to reduce the probability of carrying out a fraudulent transaction to zero. With SecureChannel, breaking of security requires physical possession of a user's mobile device and carrying out device-specific cracking within a second. This is not practically impossible.

All other solutions

The objective is to make it a bit harder. They can be cracked in a few hours to a few days.

A common single change can make all vulnerable. Once broken, ALL users of ALL implementations are exposed.

Do not address the most lethal threat – Rogue App

They focus on limited threats.

SecureChannel

The objective is to make theft nearly impossible. It may take decades to crack it.

Possession of an individual user's mobile is required for cracking.

Only solution that addresses the Rogue App threat

It covers all known threats.

Mobile Security Solution - Features

Rogue/Fake App detection

Thief identification

Branding misuse protection

Channel security

Certificate stealing protection

Rooting detection

Rogue/fake App running prevention

Authentication Data theft protection

Device authentication

Data tampering protection

Encryption key stealing protection

Emulator detection

Rogue App running device detection

DDoS/Botnet protection

Anti-tampering protection

Data redirection protection

Malicious code prevention

Remote access detection

Feature Comparison

SecureChannel provides comprehensive security, covering almost all known threats

Feature

SecureChannel

All Other Solutions

Rogue/Fake App detection

Remote Desktop Program detection

Detection of reverse engineering

Prevention of Authentication data phishing

Business data theft protection

Device authentication

Anti-tampering protection

Channel security

Virtual Private Network

Malicious code detection

Encryption Key stealing protection

Rooting/ Jail-break / Emulator/Simulator detection

Root detection bypass framework protection

Integrated real-time risk/fraud engines

Though these solutions provide protection against these threats, but these protections can be easily bypassed/nullified by breaking anti-tampering or encryption