Rogue Applications might be the fastest-growing phenomenon among cybercriminals. They’re a constant problem in unauthorized and authorized mobile app stores, including Google Play and the App Store. Here’s a wider look at the topic.
What are Rogue Applications?
Rogue Applications are counterfeit apps designed to duplicate those of trusted brands. Financial institutions of all kinds are now constantly monitoring for rogue apps to address this significant threat.
This is a new form of digital fraud that is gaining ground in just the past few years. It’s scarily simple to pull off, too. Someone just needs to build a seemingly harmless app, stick your logo on it, and put it up for free. Then, when your customers download it, thinking it’s a fun bonus from your company, you and they both suffer.
A consumer might download a mobile banking app thinking it was issued by their bank. The rogue applications can contain malware, such as worms, spyware, Trojans, and viruses, used to steal credit card numbers and account usernames and passwords.
Data Theft: Identity theft is selling ill-gotten private data that has practically reached epidemic proportions today. Cyber-criminals are always looking for new ways to snatch info from unsuspecting victims, and your database of customer details is a tempting target. They just need your clientele’s account logins or other authorizations, and it’s not hard to secure those with fake apps bearing your trusted logo.
Brand Impersonation: Criminals pretending to represent your company can use unauthorized apps to communicate with your customers, sending them SMS messages or emails or contacting them via social media to offer fraudulent products and services or solicit sensitive information they can use to operate many other scams. Your company is then left holding the blame for any harm done.
Financial Loss: If your company is running any sort of online transactions through mobile apps, customer credit card numbers, PIN numbers, and similar can be stolen via fake apps masquerading as a legitimate business. Your business could also be exposed to ransomware, with your network encrypted and literally held hostage until you pay a hacker’s demands.
App stores remove rogue mobile apps regularly but new ones commonly bypass approval processes and safeguards. Rogue applications could gain access to a smartphone’s location, contact lists, and photographs. While a bank app is usually free to download, many apps from other industries are not. Rogue applications can be imposters designed to not only steal credit cards and personal information but charge the unsuspecting customer for the phony app. Many smartphones easily can be equipped with malware protection, though too many consumers don’t yet think of using antivirus and antimalware software for their mobile devices.
Anti Rogue Service:
Also known as Rogue Application Monitoring and Takedown, strengthens your brand’s cyber resilience by providing preventive actions at the application store level. Through rogue mobile app protection service, the process of providing 24X7 monitoring regular and third-party app stores to identify rogue and malware apps, trying to forge your brand’s identity, and conducting suspicious activities.
This ensures the protection of your customer’s information, money, and identity and keeps your brand trustworthy – since you have preventive protection in place to identify the threats before they can fully turn into attacks.
Although this new form of digital fraud is going around and harming tons, there’s always a way to overcome it. But with proper knowledge and use of the software we can devise countermeasures to eliminate means and opportunity as secure configuration review would identify the risks to the network, network resources, and data beforehand and save you from damage and conserve your time