Mobile Store Fraud
Cybercriminals manipulating mobile apps by creating phony rebates for products and services is also a serious concern, according to the IT practitioners surveyed by the Ponemon Institute. Coding errors could also come into play, providing people a way to gain the app to manipulate the platform in a way to gain financially. The problem stems from application logic flaws, errors in the way a transaction flows that are difficult to detect. The only real way to find them, according to security experts, is to hunt for logic flaws by hand.
Seventy-eight percent of those surveyed by Ponemon say mobile store fraud is more likely to occur on Cyber Monday. About half of those surveyed said they conducted a manual inspection of their websites and mobile applications in an attempt to detect application logic vulnerabilities.