It is no secret, the world is in a totally digital era, and that is evident more than ever betting on March Madness. Security with apps that carry these options is essential.
“The technology age” has brought with it a revolution in electronic development and sweeping changes to everyday life as we had known it previously— but with this comes the risk of digital attacks at multiple levels.
Because of this threat, companies must realize that mobile app security is a must and should devote their time to investing in the best possible infrastructure to protect themselves and their patrons from danger.
Reasons for Mobile App Security
The basic purpose of mobile app security is to protect users from having their basic credentials stolen; this includes names, email addresses, locations, and other personal information that, if given to the wrong people, could come back to haunt you to varying degrees.
More importantly, proper app security will help protect users’ credit card information, which can be stored on various apps where purchases are made (which is most of them).
The Payment Card Industry Security Standards Council has set forth strict guidelines pertaining to these matters and can levy extremely harsh punishments against companies who fail to protect their patrons’ credit card information which, while a light at the end of the tunnel for users, can become a large problem for companies.
PCI standards, for Americans, or GDPR for the European crowd, if breached, can be punishable by massive fines and, in some cases, the elimination of payment-based services in-app. This means that companies could lose the monetary value of their apps and thereby take significant hits to their profit margin.
For example, those who are going to be betting on March Madness will register with sportsbooks and create accounts that store all of their basic information and credit card info. If the app’s security is breached, that would risk millions of people’s information and would be catastrophic to users and the company alike.
An Ever-Changing Landscape
Mobile app security is not defined by some line in the sand that always determines what is secure and what is not— threats in the online world are always taking on new shapes and forms, and security developers are tasked with staying ahead of their online adversaries.
Certain strings of code supply a basic universal structure that is then modified and customized by security teams to account for all of the potential threats, both ongoing and still to come in the future.
These strings of code are always changing and updating as attacks happen around the world and are developed in a sort-of communal way.
The good news for companies is that basic rules and regulations are well-publicized and can be easily met by developers. This extends but is not limited to protecting customer information and data from being sold on the other companies for their benefit. So long as these regulations are made, there will be no long-term risk for companies launching mobile apps.
The responsiveness of IT teams can also be tracked and tested when modifications are being made, or, in the case of attack, when they are called to their battle stations. This allows concerned parties to be aware of the response time and accuracy of back-end workers.
Mobile App Security Summarized
Mobile app security is an ever-changing field that has become a necessity in the modern era. Constant technological innovations, while exciting for consumers, have created problems for app developers, problems that are best dealt with through mobile app security.
Security protocols help protect users’ information and personal identity from attacks and also restrict their data from outside access. Companies are also held to basic standards that guide them in the regulatory process and keep them out of trouble.
If any of these protocols are breached, companies are punishable by severe penalties, including fines, loss of sales, and legal consequences.
Mobile app security is a must for all developing companies and is a necessary component of the digital era.