1. PHISHING ATTACKS use deceptive sites or software programs that masquerade as legitimate ones to steal vital user information like user login credentials and credit card numbers.
2. MALWARE INFECTIONS can steal data and eat up computing resources from mobile devices. They can trick users into taking actions that further compromise mobile devices such as hijacking browser sessions, spying on activities and promoting bogus or misleading adware.
To cure their woes, the bug bounty industry should look no further than risk pooling. (Photo: Shutterstock)
Additionally, the most dangerous downloads often come in the form of email attachments, so be cautious before opening any file attachments from senders you don’t know. (Photo: Shutterstock)
5. OUTDATED OPERATING SYSTEMS: OS updates are a must to patch the vulnerabilities, but most users do not keep their mobile OS up-to-date. They tend to ignore or block OS updates. It compromises their mobile device security and leaves their devices vulnerable to malware and other security threats.

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Security threats to mobile devices, which are an integral part of digital insurance and banking apps, are increasing daily, but many organizations remain oblivious to the risks.

Comodo Threat Research Labs, based in Clifton, New Jersey, detailed in a blog the top 5 mobile device security threats and ways to protect against them see the gallery above.

Comodo also provided four best practices to prevent those threats, including:

  1. Avoiding connecting to unsecured Wi-Fi networks, such as public Wi-Fi hotspots;
  2. Downloading apps from trusted sources, such as the Google Play Store and iOS App store, and not from unreliable third-party sources;
  3. Being wary of unsolicited calls or messages; and
  4. Mitigating mobile device attacks from penetrating the corporate environment, such as using the Comodo Mobile Device Management solution, which provides controls needed to secure, manage and monitor all the employe­e-owned mobile devices that access critical business data.

In a separate announcement, Comodo Cybersecurity presented its threat analysis for the first quarter of Q1 2018, which revealed cryptominers (who use a process in which transactions for various forms of cryptocurrency are verified and added to a blockchain digital ledger) surging to the top of detected malware incidents, displacing ransomware, which declined significantly in volume, as the number one threat.

“Malware, like cyberspace itself, is merely a reflection of traditional, ‘real-world’ human affairs, and malware is always written for a purpose, whether it’s crime, espionage, terrorism or war,” Dr. Kenneth Geers, chief research scientist at Comodo Cybersecurity, said. “Criminals’ proclivities to steal money more efficiently were evident with the surge in cryptomining. And the continued strong correlation of attack volume with current geopolitical events shows hackers of all motivations are well aware of the opportunities major breaking news provides them.”

Michael Ogden (mogden@alm.com) is executive editor for Credit Union Times, an ALM Media sister publication.