In the past few years, the growth of mobile phone ownership and usage triggered an increase in attention from threat actors. Today, there are more than 6 billion smartphones, which can access over 5 million apps. Additionally, mobile apps account for 90% of mobile phone use as compared to a mobile browser.
Mobile usage statistics like the above point to why mobile apps have become an increasing area of focus for threat actors. In a recent Outseer Fraud and Payments Report, the company found that 68% of digital banking fraud originated from mobile channels and that there was a 274% increase in brand abuse attacks across Android and IOS apps over a nine-month period.
