Mobile Applications and Data Mining Cause Security Issues

  • Fraud Prevention, Identity Theft, Security

In a world of smartphones and tablets galore, downloading an application has become just as natural as sending an email. One thing that all mobile users need to take into consideration is the risks that come with mobile technology. This month, it was reported that a downloadable app for iOS and Andriod based phones was collecting address book information from its users without permission. Several companies including Apple, Facebook, and Twitter are all facing lawsuits as a result of this occurrence. In a blog featured in the New York Times, it lists several of the applications that users have experience this type of breach.

This may seem harmless enough, but it raises major issues for security measures in the mobile space. Users need to use extreme caution before trusting any type of application on their mobile device. While extracting your contacts may seem intrusive enough, imagine the type of information applications can store when using mobile banking. Perhaps the most frightening part of breaches such as these is the fact that many times this fraud is preventable, just overlooked. As David Morin, executive chief of Path, stated the data collection was not an accident. Other personnel from the Electronic Privacy Information Center also commented on the lack of understanding companies have on such data mining.

Banks, prepaid, and other industries that collect personal information for the use of an application need to be aware of the risks for ID theft. Software companies and developers may have access to any personal information stored on a mobile device. Even though mobile banking is sweeping the industry, businesses must look into deeper fraud prevention measures to avoid issues such as these.

[Contributed by, EVS Marketing]