How Anti-Malware Solutions Shield Banking Apps from Scam Transactions

Banking apps, the gateways to our life savings, are increasingly targeted by sophisticated scams. With the rising threat of mobile malware, banking apps have to employ advanced anti-malware solutions to safeguard users’ financial data and maintain the integrity of their services. How do those measures deter scammers?

How Does It Work?

In the battle against cyber threats, anti-malware solutions must possess the capability to identify various forms of malware techniques and counter it. Some of which includes:

  • Reverse Engineering:

    • Multiple layers of security checks should be set in place to hinder any reverse engineering attempts.

  • App Repackaging:

    • Measures must be set in place to prevent impostors from publishing repackaged apps in official app stores.

  • Code Injection:

    • To defend against code injection, anti-malware solutions must implement measures preventing hackers from altering the app’s code and changing the course of execution, thus avoiding data loss or host takeovers.

  • Jailbreak/Rooted Device Detection:

    • Automated detection of jailbroken and rooted devices needs to be evident to ensure the app is executed precisely as configured, preventing unauthorized deviations that may compromise the app’s integrity.

Another feature that anti-malware solutions should have is Real-Time Attack Detection and Response. This will give the app the ability to take swift action when detecting threats during runtime. This proactive approach allows for immediate response, preventing potential damage to the app and protecting users from fraudulent activities.

  • Runtime App Self-Protection (RASP):

    • One of the prominent Real-Time Attack Detection and Response’s security technology which isolates applications from the runtime environment. This proactive measure enables the scanning and protection of mobile apps against malicious attacks, even on rooted or jailbroken devices. For instance, if an untrusted screen reader is detected, the system promptly blocks it from receiving data from the protected app, enhancing overall security.

 

Offline Risk Detection

The ability to detect risks even in the absence of an internet connection is an important feature . This feature ensures that banking apps remain vigilant and capable of identifying potential threats even when users are offline, providing continuous protection against scams.

Conclusion

From detecting and protecting against threats to real-time attack response and proactive measures like RASP, these solutions form an essential defense against cyber threats. As new forms of malware continue to emerge at a rapid pace, it becomes crucial for companies to secure their apps with essential anti-malware measures.

For those seeking comprehensive protection, AppProtect+ offer a range of features to fortify your banking app. Schedule a talk with our consultant today to explore how your banking app can stay ahead in the ever-evolving landscape of cybersecurity.

Read FjordPhantom to learn about the latest malware threat discovered.

Explore how your app can stay ahead in the ever-evolving landscape of cybersecurity

TALK TO A SPECIALIST

1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder

How Digital Tokens Keep Your Money Safe

August 1st, 2024|

With online banking and digital transactions becoming the norm, securing your money is more critical than ever. SMS-based OTPs are insufficient against sophisticated cyber threats. Digital tokens, on the other hand, are game-changers in protecting your finances. Here’s why digital tokens are essential for your security...